Commercial Real Estate Market in Aspen, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
65 active listings and 951 off-market properties in Aspen, CO. Commercial property asks $3,803/SF to buy and $96.94/SF/Yr to lease.
Market Trends
Aspen, CO spans 358.7 square miles in Pitkin County, Colorado. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Aspen, CO runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Aspen, CO runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Aspen, CO runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Aspen, CO runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Open space 38.4%
- Civic 30.2%
- Residential 18.4%
- Mixed use 3.2%
- Planned_development 2.6%
- Industrial 0.6%
- Commercial 0.4%
Largest Zones share of zoned land by district
Conservation
Park
Moderate Density Residential
Low Density Residential
Medium Density Residential
Conservation (C)
Sec. 26.710.220. - Conservation (C). (a) Purpose. The purpose of the Conservation (C) Zone District is to provide areas of low density development to enhance public recreation, conserve natural resources, encourage the production of crops and animals and to contain urban development. (b) Permitted uses. The following uses are permitted as of right in the Con…
Market overview
Demographics & Economy
Aspen, CO has 9,716 residents in 7,599 households. Density runs 27 people per square mile. Median household income here is $95,708 and median gross rent $1,822 a month.
9,716
Population
7,599
Households
1.3
Avg Household Size
43
Median Age
68%
College-Educated
97%
High-School Grad
358.7 sq mi
ZIP Area
27
Density / Sq Mi
$95,708
Median Household Income
$58,255
Median Earnings
$1,822
Median Rent
$1,243,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Woody Creek | — | — |
| Snowmass Village | — | $56.43 |
| Basalt | — | $27.27 |
| Norrie | — | — |
Commercial property in Aspen, CO asks $3,803/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Aspen?
Commercial property in Aspen, CO asks an average of $3,803 per square foot. The 8 most recent recorded sales traded at a median of $2,180/SF, so asking sits 74% above the achieved median.
How much does it cost to lease commercial space in Aspen?
Asking lease rates in Aspen, CO average $96.94 per square foot per year.
Where does Realmo's Aspen market data come from?
Realmo compiles Aspen, CO figures from 8 recent recorded sales, 44 active sale listings, 21 active lease listings, 951 tracked off-market properties, the current Aspen zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 44 active for-sale and 21 active for-lease listings in Aspen, CO. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 2,464 zoned acres across 25 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
