Commercial Real Estate Market in Colorado Springs, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
895 active listings and 9,989 off-market properties in Colorado Springs, CO. Commercial property asks $216/SF to buy and $15.00/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 October 2026.
Office
Office space in Colorado Springs, CO has a median asking sale price of $183/SF. Vacancy runs 11.3% in 2025, up from 7.9% in 2019.
Retail
Retail space in Colorado Springs, CO has a median asking sale price of $258/SF. Vacancy runs 6.2% in 2025, little changed from 5.9% in 2020. Nearly 1.2x the 2022 low of 5%.
Industrial
Industrial space in Colorado Springs, CO has a median asking sale price of $198/SF. Vacancy runs 5.9% in 2025, up from 4.9% in 2019. Nearly 1.7x the 2023 low of 3.5%.
Multifamily
Multifamily space in Colorado Springs, CO has a median asking sale price of $234/SF. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
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.
Tools
Lease vs Buy Breakeven
At $15.00/SF/Yr lease vs $216/SF buy → buying wins if held > 3.3 years.
At a 6.9% 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.
Frequently Asked Questions
What is the median price per square foot for commercial property in Colorado Springs?
How much does it cost to lease commercial space in Colorado Springs?
What is the office vacancy rate in Colorado Springs?
Which property type has the lowest vacancy in Colorado Springs?
Is it cheaper to lease or buy commercial space in Colorado Springs?
Where does Realmo's Colorado Springs market data come from?
Methodology & data sources
- Asking prices and medians
- There are 431 active for-sale and 464 active for-lease listings in Colorado Springs, CO. The medians are based on 112 of the for-sale and 63 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.
- 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
- 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
