Figures

Colorado Springs Office Figures H1 2026

August 11, 2026 5 Minute Read

The Colorado Springs office market recorded negative 8,000 sq. ft. of total net absorption in the first half of 2026, a significant improvement from the negative 108,000 sq. ft. seen in H2 2025.
Total vacancy remained essentially unchanged, rising 20 basis points (bps) to 10.4% in H1 2026. Vacancy remained the highest in the CBD submarket, where it increased 140 bps to 14.7%. Class A vacancy saw a slight 30 bps increase to 13.6%, while Class B increased by the same margin to 10.4% in the first half of 2026.
The average direct asking rent decreased by 4.3% in H1 2026 to $17.67 per sq. ft. NNN. The Class A average asking rent saw a slight increase of 1.1%, reaching $21.14 per sq. ft. NNN, while the Class B average fell 2.6% to $15.94 per sq. ft. NNN.
No new projects have broken ground since the last delivery occurred in H2 2021, with this trend expected to continue heading into the second half of the year.