Commercial Real Estate Market in Colorado Springs, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1,323 active listings and 10,000 off-market properties in Colorado Springs, CO. Commercial property asks $113/SF to buy and $19.03/SF/Yr to lease. Office vacancy runs 11.3%, the loosest of the segments tracked here.
Market Trends
Colorado Springs, CO spans 867.1 square miles in El Paso County, Colorado. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Colorado Springs, CO runs 11.3% in 2025, up from 7.9% in 2019.
Vacancy Rate %
Retail
Retail vacancy in Colorado Springs, CO runs 6.2% in 2025, little changed from 5.9% in 2020. Nearly 1.2x the 2022 low of 5%.
Vacancy Rate %
Industrial
Industrial vacancy in Colorado Springs, CO runs 5.9% in 2025, up from 4.9% in 2019. Nearly 1.7x the 2023 low of 3.5%.
Vacancy Rate %
Multifamily
Multifamily vacancy in Colorado Springs, CO runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Market overview
Demographics & Economy
Colorado Springs, CO has 609,563 residents in 252,739 households. Density runs 703 people per square mile. Median household income here is $88,699 and median gross rent $1,664 a month.
609,563
Population
252,739
Households
2.4
Avg Household Size
35
Median Age
40%
College-Educated
95%
High-School Grad
867.1 sq mi
ZIP Area
703
Density / Sq Mi
$88,699
Median Household Income
$47,269
Median Earnings
$1,664
Median Rent
$430,233
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Monument | — | — |
| Woodmoor | — | — |
| Black Forest | — | — |
| Colorado Spgs | — | $19.03 |
Commercial property in Colorado Springs, CO asks $113/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Colorado Springs?
Commercial property in Colorado Springs, CO asks an average of $113 per square foot. The 5 most recent recorded sales traded at a median of $214/SF.
How much does it cost to lease commercial space in Colorado Springs?
Asking lease rates in Colorado Springs, CO average $19.03 per square foot per year.
What is the office vacancy rate in Colorado Springs?
Office vacancy in Colorado Springs, CO is 11.3% as of 2025, up from 7.9% in 2019. That is the highest in the 7-year series. Retail vacancy is 6.2%, below Office vacancy.
Which property type has the lowest vacancy in Colorado Springs?
Industrial has the lowest vacancy in Colorado Springs, CO at 5.9%, inside a 3.5–5.9% band since 2019. For comparison: office 11.3%, retail 6.2% and multifamily 8.6% (West).
Where does Realmo's Colorado Springs market data come from?
Realmo compiles Colorado Springs, CO figures from 6 recent recorded sales, 875 active sale listings, 448 active lease listings, 10,000 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 875 active for-sale and 448 active for-lease listings in Colorado Springs, 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.
- 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
- 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 August 2026 · report a data issue
