Markets › Denver, CO
Office Property Values in Denver, CO
Automated market snapshot from recent comparable sales · Apr 2024 – Jun 2026. Updated 2026-07-14.
Denver, CO office market
Denver's office market is sharply bifurcated: downtown and CBD buildings continue to trade at historic discounts of 80-95% off peak values due to a 38% vacancy rate, while premium submarkets like Cherry Creek command top dollar with vacancy near 4.7%. Investors are buying distressed downtown towers at land-value prices, while well-located Class A product in sought-after neighborhoods still fetches $500-$925 per square foot. The overall market shows early signs of stabilization heading into 2026, driven by the completion of the 16th Street Mall renovation and growing return-to-office trends, but a full recovery in the CBD is expected to take years.
What's driving Office prices in Denver
Denver office sale prices have diverged dramatically over the past 24 months: distressed CBD towers have sold at 75-95% discounts to prior peaks (some as low as $7/SF), while high-quality suburban and amenity-rich properties such as 255 Fillmore in Cherry Creek have transacted near or above $900/SF, making a single directional trend statement misleading for the market as a whole.
- Record-high downtown CBD vacancy (~38% at end of 2025) pushing distressed Class B/C sale prices to land value or below
- Cherry Creek and LoDo scarcity: Class A vacancy in Cherry Creek at 4.7%, the lowest on record, driving premium rents above $72/SF and sale prices above $900/SF
- Sublease inventory falling 11% year-over-year, signaling gradual absorption and early recovery pressure on asking rents
- $570M city bond program plus 16th Street Mall redevelopment completion injecting near-term optimism into downtown leasing fundamentals
Recent Office comps in Denver, CO
| Address | Date | Type | Size (SF) | Price / Rate | $/SF |
|---|---|---|---|---|---|
| 410 17th St, Denver, CO 80202 news | Apr 2024 | Sale | 439000 | ~$20,000,000 | ~$46 |
| 621 & 633 17th St, Denver, CO 80293 news | Nov 2024 | Sale | 970000 | ~$7,000,000 | ~$7 |
| 1600 Stout St (Hudson's Bay Centre), Denver, CO 80202 news | Oct 2024 | Sale | 172912 | $8,950,000 | $52 |
| 707 & 717 17th St (Johns Manville Plaza), Denver, CO 80202 news | Nov 2025 | Sale | ~$28,700,000 each | ||
| 1246 Delaware St, Denver, CO 80204 listing | Oct 2025 | Sale | 1423 | $810,000 | $569 |
| 255 Fillmore St, Denver, CO 80206 news | Jun 2026 | Sale | 100000 | $92,500,000 | $925 |
| Denver Place, 1670 Broadway, Denver, CO 80202 news | Jan 2026 | Sale | 891505 | $47,500,000 | $53 |
Frequently asked questions
What is the average price per square foot for office space in Denver, CO?
Recent sale comps put the median around $53/SF, with a typical range of $48–$440/SF across 6 recent sales (Apr 2024 – Jun 2026).
What cap rates are office properties trading at in Denver?
Recent market data suggests roughly 6.0%–8.5% for stabilized office deals in the Denver area.
How are these numbers calculated?
They are automated estimates built from recent comparable sales found in public listings, property records, and brokerage announcements. They are not an appraisal or a broker opinion of value.
How do I find out what my Denver office property is worth?
Run a free valuation on CompNinja: enter the address and property type and you get an estimated value range from recent comps in under a minute. For a real opinion of value, we connect you with a licensed local broker at no cost.
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Figures are automated estimates derived from public listings, records, and brokerage announcements for Denver, CO, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.