Commercial Real Estate Market in Boulder, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
476 active listings and 2,161 off-market properties in Boulder, CO. Commercial property asks $485/SF to buy and $18.00/SF/Yr to lease.
Market Trends
Boulder, CO spans 159.8 square miles in Boulder County, Colorado. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Boulder, CO asks $20.53/SF/Yr to lease; the median asking sale price is $339/SF. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Retail
Retail space in Boulder, CO has a median asking sale price of $339/SF (based on 3 listings). Vacancy runs 5.2% in 2025, down from 6.9% in 2020. Down from a 2021 peak of 7.8%.
Industrial
Industrial vacancy in Boulder, 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 space in Boulder, CO has a median asking sale price of $691/SF. Vacancy 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
- Residential 44.6%
- Civic 32.6%
- Industrial 12.8%
- Commercial 5.4%
- Agricultural 3.3%
- Mixed use 0.5%
Largest Zones share of zoned land by district
In the RR-1, RR-2, RE, RL-1, RL-2, RM-2, P, and A Zoning Districts: (A) Applicability: In the RR-1, RR-2, RE, RL-1, RL-2, RM-2, P, and A zoning districts, the following standards apply to a detached dwelling unit with two kitchens that may be approved as a conditional use or pursuant to a use review: (i) Second Kitchen Shall Not Create an Additional Dwelling…
Market overview
Demographics & Economy
Boulder, CO has 131,690 residents in 57,765 households. Density runs 824 people per square mile. Median household income here is $92,897 and median gross rent $1,950 a month.
Tools
Lease vs Buy Breakeven
At $18.00/SF/Yr lease vs $485/SF buy → buying wins if held > 24.1 years.
At a 3.7% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Lafayette | $278 | $40.00 |
| Longmont | $274 | $14.00 |
Commercial property in Boulder, CO asks $485/SF. The 2 bordering markets run from $274/SF in Longmont to $278/SF in Lafayette, and the city sits above their $276/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Boulder?
How much does it cost to lease commercial space in Boulder?
Is it cheaper to lease or buy commercial space in Boulder?
How does Boulder compare to nearby markets on price?
Where does Realmo's Boulder market data come from?
Methodology & data sources
- Asking prices and medians
- There are 175 active for-sale and 301 active for-lease listings in Boulder, CO. The medians are based on 38 of the for-sale and 75 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: 18,083 zoned acres across 44 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, industrial vacancy is reported at West region level and multifamily 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
