Commercial Real Estate Market in Glenwood Springs, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
59 active listings and 741 off-market properties in Glenwood Springs, CO. Commercial property asks $403/SF to buy and $22.00/SF/Yr to lease.
Market Trends
Glenwood Springs, CO spans 367.6 square miles in Garfield County, Colorado. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Glenwood Springs, CO has a median asking sale price of $403/SF (based on 7 listings). Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Typical asking range for active listings in Glenwood Springs, CO (the middle half): Lease $22.00–$29.50/SF/Yr (median $26.50/SF/Yr, 8 listings).
Retail
Retail space in Glenwood Springs, CO has a median asking sale price of $266/SF (based on 6 listings). Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Typical asking range for active listings in Glenwood Springs, CO (the middle half): Lease $18.00–$25.00/SF/Yr (median $22.00/SF/Yr, 9 listings).
Industrial
Industrial vacancy in Glenwood Springs, 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%.
Multifamily
Multifamily space in Glenwood Springs, CO has a median asking sale price of $525/SF (based on 3 listings). Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Market overview
Demographics & Economy
Glenwood Springs, CO has 16,484 residents in 6,491 households. Density runs 45 people per square mile. Median household income here is $103,632 and median gross rent $1,812 a month.
Tools
Lease vs Buy Breakeven
At $22.00/SF/Yr lease vs $403/SF buy → buying wins if held > 7.3 years.
At a 5.5% 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.
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Glenwood Spgs | $403 | $22.00 |
| Carbondale | $704 | $35.00 |
Commercial property in Glenwood Springs, CO asks $403/SF. The 2 bordering markets run from $403/SF in Glenwood Spgs to $704/SF in Carbondale, and the city sits below their $553/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Glenwood Springs?
How much does it cost to lease commercial space in Glenwood Springs?
Is it cheaper to lease or buy commercial space in Glenwood Springs?
How does Glenwood Springs compare to nearby markets on price?
Where does Realmo's Glenwood Springs market data come from?
Methodology & data sources
- Asking prices and medians
- There are 30 active for-sale and 29 active for-lease listings in Glenwood Springs, CO. The medians are based on 17 of the for-sale and 24 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
- 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 October 2026 · How Realmo checks market page data · Report a data issue
