Commercial Real Estate Market in Aspen, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
104 active listings and 951 off-market properties in Aspen, CO. Commercial property asks $1,426/SF to buy (based on 9 listings) and $95.00/SF/Yr to lease.
Market Trends
Aspen, CO spans 358.7 square miles in Pitkin County, Colorado. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Aspen, CO runs 20.8% across the West region in 2025, up from 11% in 2019.
Typical asking range for active listings in Aspen, CO (the middle half): Lease $65.00–$100/SF/Yr (median $96.00/SF/Yr, 32 listings).
Retail
Retail vacancy in Aspen, CO runs 5.8% across the West region in 2025, down from 7% in 2020.
Typical asking range for active listings in Aspen, CO (the middle half): Lease $75.75–$105/SF/Yr (median $95.00/SF/Yr, 14 listings).
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%.
Multifamily
Multifamily vacancy in Aspen, CO runs 8.6% across the West region in 2025, up from 7% in 2022.
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
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Aspen?
How much does it cost to lease commercial space in Aspen?
Where does Realmo's Aspen market data come from?
Methodology & data sources
- Asking prices and medians
- There are 41 active for-sale and 63 active for-lease listings in Aspen, CO. The medians are based on 9 of the for-sale and 53 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
