Commercial Real Estate Market in New Castle, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
23 active listings and 76 off-market properties in New Castle, CO. Commercial property asks $321/SF to buy and $12.00/SF/Yr to lease.
Market Trends
New Castle, CO spans 284.9 square miles in Garfield County, Colorado. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in New Castle, CO asks $565/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 New Castle, CO asks $467/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 New Castle, 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 New Castle, CO asks $372/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
Market overview
Demographics & Economy
New Castle, CO has 7,445 residents in 2,808 households. Density runs 26 people per square mile. Median household income here is $80,139 and median gross rent $1,581 a month.
7,445
Population
2,808
Households
2.7
Avg Household Size
37
Median Age
31%
College-Educated
95%
High-School Grad
284.9 sq mi
ZIP Area
26
Density / Sq Mi
$80,139
Median Household Income
$48,493
Median Earnings
$1,581
Median Rent
$470,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Silt | — | $18.67 |
| Antlers | — | — |
| Glenwood | — | — |
| Glenwood Springs | — | $24.25 |
Commercial property in New Castle, CO asks $321/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Castle?
Commercial property in New Castle, CO asks an average of $321 per square foot. The 3 most recent recorded sales traded at a median of $279/SF, so asking sits 15% above the achieved median. Office carries the highest asking price at $565/SF.
How much does it cost to lease commercial space in New Castle?
Asking lease rates in New Castle, CO average $12.00 per square foot per year.
Where does Realmo's New Castle market data come from?
Realmo compiles New Castle, CO figures from 4 recent recorded sales, 21 active sale listings, 2 active lease listings, 76 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 2 active for-lease listings in New Castle, 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.
- 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
