Commercial Real Estate Market in Monument, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
66 active listings and 408 off-market properties in Monument, CO. Commercial property asks $4,606/SF to buy and $16.00/SF/Yr to lease.
Market Trends
Monument, CO spans 39.9 square miles in El Paso County, Colorado. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Monument, CO runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Monument, CO runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Monument, 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 Monument, 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 54.9%
- Residential 24.5%
- Commercial 8.7%
- Industrial 5.1%
- Open space 1%
Largest Zones share of zoned land by district
Planned Unit Development
Planned Residential District Single Family
Public
Planned Commercial Development District
Planned Residential District Estate
Planned Unit Development (PUD)
Particularly for single-family residences in a PUD, required front-yard setbacks should be established and driveways should be arranged so as to provide off-street parking therein without causing parked autos to block sidewalks. b. The Town may increase or decrease the normally required number of off-street parking spaces based on a consideration of the foll…
Market overview
Demographics & Economy
Monument, CO has 27,533 residents in 10,413 households. Density runs 690 people per square mile. Median household income here is $155,176 and median gross rent $2,134 a month.
27,533
Population
10,413
Households
2.6
Avg Household Size
44
Median Age
58%
College-Educated
98%
High-School Grad
39.9 sq mi
ZIP Area
690
Density / Sq Mi
$155,176
Median Household Income
$62,826
Median Earnings
$2,134
Median Rent
$700,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Woodmoor | — | — |
| Colorado Springs | — | $19.03 |
| Palmer Lake | — | — |
| Larkspur | — | — |
Commercial property in Monument, CO asks $4,606/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Monument?
Commercial property in Monument, CO asks an average of $4,606 per square foot. The 8 most recent recorded sales traded at a median of $316/SF, so asking sits 1356% above the achieved median.
How much does it cost to lease commercial space in Monument?
Asking lease rates in Monument, CO average $16.00 per square foot per year.
Where does Realmo's Monument market data come from?
Realmo compiles Monument, CO figures from 8 recent recorded sales, 52 active sale listings, 14 active lease listings, 408 tracked off-market properties, the current Monument zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 52 active for-sale and 14 active for-lease listings in Monument, 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: 3,824 zoned acres across 17 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, 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 31 August 2026 · report a data issue
