Figures

Northern Colorado Office Figures H1 2026

August 11, 2026 5 Minute Read

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  • The Northern Colorado office market recorded positive 8,000 sq. ft. of total net absorption in H1 2026, a small reduction from the positive 30,000 sq. ft. posted in H2 2025.
  • Total vacancy remained essentially unchanged, falling 10 basis points (bps) to 8.1% in H1 2026. Year-over-year, total vacancy fell 40 bps from the 8.5% recorded in the first half of 2025. The Loveland East submarket had the highest total vacancy rate, reaching 15.2% in H1 2026.
  • Sublease availability was unchanged at 264,000 sq. ft. in H1 2026, though it saw a slight decrease of 3.3% compared to a year ago.
  • The direct average asking rate remained flat at $16.81 per sq. ft. NNN in H1 2026, while it saw a 3.4% increase year-over-year from the $16.26 per sq. ft. NNN seen in H1 2025.
  • H1 2026 saw no new construction completions following the H1 2025 delivery of Riverbend Urban Village-Building 2 for 15,000 sq. ft. This trend is likely to persist heading into the second half of 2026.