Commercial Real Estate Market in Elizabeth, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
82 active listings and 162 off-market properties in Elizabeth, CO.
Market Trends
Elizabeth, CO spans 154.6 square miles in Elbert County, Colorado. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Elizabeth, CO runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Elizabeth, CO runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Elizabeth, 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 vacancy in Elizabeth, 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
- Planned_development 32.5%
- Civic 24.6%
- Residential 22.9%
- Mixed use 19.9%
- Industrial 0.1%
Largest Zones share of zoned land by district
Planned Unit Development District
Public Semi Public And Institutional District
Single Family Residence District
Regional Commercial District
Commercial Mixed Use District
Single Family Residence District (R-1)
R-1 R-1-12 R-1-20 RE-1 RE-2 R-2 R-TH R-3 A-1 LR-1 Single-family detached dwellings (11)(14) A A A A A A A A A Single-family attached dwellings (11)(14) A A A Duplex structures (11)(14) A A A Accessory dwelling units (ADUs) S S S S S S S S S Townhouses (12)(14) A Multi-family dwellings (12)(14) A Accessory buildings (2) A A A A A A A A A Accessory uses: home…
Market overview
Demographics & Economy
Elizabeth, CO has 13,766 residents in 5,387 households. Density runs 89 people per square mile. Median household income here is $137,886 and median gross rent $1,779 a month.
13,766
Population
5,387
Households
2.6
Avg Household Size
45
Median Age
37%
College-Educated
98%
High-School Grad
154.6 sq mi
ZIP Area
89
Density / Sq Mi
$137,886
Median Household Income
$70,314
Median Earnings
$1,779
Median Rent
$663,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kiowa | — | — |
| Franktown | — | — |
| Elbert | — | — |
| Parker | — | $32.75 |
Commercial property in Elizabeth, CO asks $6/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elizabeth?
Commercial property in Elizabeth, CO asks an average of $6 per square foot. The 5 most recent recorded sales traded at a median of $101/SF.
Where does Realmo's Elizabeth market data come from?
Realmo compiles Elizabeth, CO figures from 7 recent recorded sales, 80 active sale listings, 2 active lease listings, 162 tracked off-market properties, the current Elizabeth zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 80 active for-sale and 2 active for-lease listings in Elizabeth, 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: 799 zoned acres across 12 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
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial 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
