Insights
Colorado
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BACK TO INSIGHTSEXPLORE 2 Colorado MARKETSToggle markets
VACANCY
Apartment
Average Vacancy Rate 4.6%
- No change since year-end 2020.
- Highest level since Q1 2014.
- Expected to finish 2021 at 4.5%.
Distribution / Warehousing
Average Vacancy Rate 10.2%
- No change since year-end 2020.
- Highest level since year-end 2017.
- Expected to finish 2021 at 10.0%.
Office
Average Vacancy Rate 19.7%
- Drifted downward by 20 basis points.
- Expected to finish 2021 at 21.3%.
Retail
Average Vacancy Rate 11.2%
- Declined by 60 basis points.
- Lowest level since year-end 2008.
- Expected to finish 2021 at 13.0%.
RENT
Apartment
Average Asking Rent $1,095
- Up 0.4% from year-end 2020.
- Has risen in every quarter since year-end 2008.
- Expected to finish 2021 at $1,130.
Distribution / Warehousing
Average Asking Rent $8.60
- Up 0.5% from year-end 2020.
- Expected to finish 2021 at $8.76.
Office
Average Asking Rent $18.69
- Up 0.3% from year-end 2020.
- Expected to finish 2021 at $18.44.
Retail
Average Asking Rent $15.21
- Down 0.3% from year-end 2020.
- Expected to finish 2021 at $14.25.
VACANCY
Apartment
Average Vacancy Rate 6.6%
- Has risen for six consecutive quarters.
- Among the 20 highest vacancies nationally.
- Expected to finish 2021 at 6.0%.
Distribution / Warehousing
Average Vacancy Rate 9.0%
- No change since year-end 2020.
- Expected to finish 2021 at 8.6%.
Flex / R&D
Average Vacancy Rate 8.1%
- Drifted downward by 30 basis points.
- Among the 20 lowest vacancies nationally.
- Expected to finish 2021 at 8.6%.
Office
Average Vacancy Rate 18.2%
- Rose by 60 basis points.
- Highest level since Q2 2014.
- Expected to finish 2021 at 19.4%.
Retail
Average Vacancy Rate 9.4%
- No change since year-end 2020.
- Among the 20 lowest vacancies nationally.
- Expected to finish 2021 at 10.7%.
RENT
Apartment
Average Asking Rent $1,448
- Down 0.2% from year-end 2020.
- Expected to finish 2021 at $1,489.
Distribution / Warehousing
Average Asking Rent $5.75
- Down 0.2% from year-end 2020.
- Expected to finish 2021 at $5.93.
Flex / R&D
Average Asking Rent $9.07
- Sixth fastest rent growth in the nation, and the second in the West region, behind only San Francisco.
- Fastest rate of increase in seven quarters.
- Expected to finish 2021 at $9.08.
Office
Average Asking Rent $26.83
- Down 0.4% from year-end 2020.
- Expected to finish 2021 at $25.89.
Retail
Average Asking Rent $19.07
- Down 0.2% from year-end 2020.
- Expected to finish 2021 at $17.77.