Commercial Real Estate Market in Denver, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2,034 active listings and 22,866 off-market properties in Denver, CO. Commercial property asks $164/SF to buy and $23.67/SF/Yr to lease. Office vacancy runs 26.3%, the loosest of the segments tracked here.
Market Trends
Denver, CO spans 435.1 square miles in Arapahoe County, Colorado. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Denver, CO asks $22.69/SF/Yr to lease. Vacancy runs 26.3% in 2025, up from 14.5% in 2019.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate %
Retail
Retail vacancy in Denver, CO runs 5.8% in 2025, down from 6.7% in 2019. Down from a 2020 peak of 7.4%.
Vacancy Rate %
Industrial
Industrial vacancy in Denver, CO runs 8.1% in 2025, up from 5.8% in 2019.
Vacancy Rate %
Multifamily
Multifamily vacancy in Denver, 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
- Residential 63.7%
- Mixed use 16%
- Open space 10.5%
- Industrial 4.7%
- Commercial 2.7%
- Planned_development 1.9%
- Civic 0.2%
- Agricultural 0%
Largest Zones share of zoned land by district
Other Special Context Denver International Airport
Urban Edge Neighborhood Context Single Unit Dx
Open Space Context Public Parks District
Suburban Neighborhood Context Single Unit D
General Industrial Context District
Denver, CO zones 98,956 acres across 184 districts. Commercial zoning covers 2.7% of zoned land, residential 63.7%, open space 10.5% and industrial 4.7%. The largest single district is Other Special Context Denver International Airport at 26.2%. For commercial buyers the practical constraint is that only 7.4% of land carries a commercial or industrial designation.
General Industrial Context District (I-B)
I-B General Industrial District 9.1.2.1 Purpose The following paragraphs explain the general purpose and intent of the Industrial Context zone districts. A. I-MX Industrial Mixed Use Districts (I-MX-3,-5, -8, -12) 1. General Purpose a. The Industrial Mixed Use districts are intended to develop in a pedestrian-oriented pattern, with buildings built up to the…
Market overview
Demographics & Economy
Denver, CO has 1,413,283 residents in 642,238 households. Density runs 3,248 people per square mile. Median household income here is $92,269 and median gross rent $1,772 a month.
1,413,283
Population
642,238
Households
2.2
Avg Household Size
36
Median Age
46%
College-Educated
90%
High-School Grad
435.1 sq mi
ZIP Area
3,248
Density / Sq Mi
$92,269
Median Household Income
$54,957
Median Earnings
$1,772
Median Rent
$544,987
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Arvada | — | $15.24 |
| Wheat Ridge | — | $16.11 |
| Lakewood | — | — |
| Lakeside | — | — |
Commercial property in Denver, CO asks $164/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Denver?
Commercial property in Denver, CO asks an average of $164 per square foot. The 6 most recent recorded sales traded at a median of $273/SF.
How much does it cost to lease commercial space in Denver?
Asking lease rates in Denver, CO average $23.67 per square foot per year. Office asks $22.69/SF/Yr as of Q1 26, down from $28.57/SF/Yr in Q4 25.
What is the office vacancy rate in Denver?
Office vacancy in Denver, CO is 26.3% as of 2025, up from 14.5% in 2019. That is the highest in the 7-year series. Retail vacancy is 5.8%, below Office vacancy.
Which property type has the lowest vacancy in Denver?
Retail has the lowest vacancy in Denver, CO at 5.8%, inside a 4.8–7.4% band since 2019. For comparison: office 26.3%, industrial 8.1% and multifamily 8.6% (West).
What zoning applies to commercial property in Denver?
Denver, CO zones 98,956 acres across 184 districts, of which 2.7% is commercial and 4.7% industrial. The largest single district is Other Special Context Denver International Airport at 26.2% of zoned land. Residential zoning covers 63.7% and open space 10.5%.
Where does Realmo's Denver market data come from?
Realmo compiles Denver, CO figures from 7 recent recorded sales, 1,031 active sale listings, 1,003 active lease listings, 22,866 tracked off-market properties, the current Denver zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1,031 active for-sale and 1,003 active for-lease listings in Denver, 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: 98,956 zoned acres across 184 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
- 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
