Commercial Real Estate Market in Durango, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
287 active listings and 1,254 off-market properties in Durango, CO. Commercial property asks $609/SF to buy and $19.05/SF/Yr to lease.
Market Trends
Durango, CO spans 900.7 square miles in La Plata County, Colorado. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Durango, CO asks $322/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail space in Durango, CO asks $265/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Durango, 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%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Durango, CO asks $303/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Open space 29.8%
- Agricultural 16.1%
- Planned_development 14%
- Commercial 2.6%
- Residential 2.1%
- Civic 2%
- Mixed use 2%
- Industrial 1.6%
Largest Zones share of zoned land by district
Open Space
Public
Rural Agriculture
Planned Development
Business Park Campus
Open Space (OS)
OS 98% Effective on: 7/1/2014 Sec. 2-4-3-2 Nonresidential Scale in Residential Zones Generally. The purpose of the nonresidential scale standards is to ensure that nonresidential buildings that are constructed within residential zones are scaled such that they do not disrupt the development pattern of residential neighborhoods. Applicability. These standards…
Market overview
Demographics & Economy
Durango, CO has 38,787 residents in 20,729 households. Density runs 43 people per square mile. Median household income here is $85,559 and median gross rent $1,431 a month.
38,787
Population
20,729
Households
1.9
Avg Household Size
41
Median Age
53%
College-Educated
97%
High-School Grad
900.7 sq mi
ZIP Area
43
Density / Sq Mi
$85,559
Median Household Income
$42,016
Median Earnings
$1,431
Median Rent
$614,391
Median Home Value
Tools
Lease vs Buy Breakeven
At $19.05/SF/Yr lease vs $609/SF buy → leasing stays cheaper across the full 30-year hold modeled here.
At a 3.1% 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 average price per square foot for commercial property in Durango?
Commercial property in Durango, CO asks an average of $609 per square foot. The 7 most recent recorded sales traded at a median of $281/SF, so asking sits 117% above the achieved median. Office carries the highest asking price at $322/SF.
How much does it cost to lease commercial space in Durango?
Asking lease rates in Durango, CO average $19.05 per square foot per year.
Is it cheaper to lease or buy commercial space in Durango?
In Durango, CO, leasing stays cheaper across the modelled hold period. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Durango market data come from?
Realmo compiles Durango, CO figures from 8 recent recorded sales, 253 active sale listings, 34 active lease listings, 1,254 tracked off-market properties, the current Durango zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 253 active for-sale and 34 active for-lease listings in Durango, 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: 11,778 zoned acres across 26 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 30 September 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, industrial vacancy is reported at West region level and asking prices run materially above recent closed pricing.
- 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 30 September 2026 · How Realmo checks market page data · Report a data issue
