4th Quarter 2025 Colorado Springs
In the fourth quarter of 2025, Colorado Springs’ commercial real estate market showed relatively stable lease rates alongside modest increases in vacancy across most major property sectors. NavPoint Real Estate Group’s latest market update highlights a market with continued leasing activity, while increasing availability is creating additional options for tenants.
Multi-Family Market:
The multi-family sector reported an average lease rate of $1.73 per square foot and a vacancy rate of 12.4%. Lease rates increased slightly from $1.72 per square foot in the third quarter, while vacancy rose from 11.7%, indicating increased availability within the rental market.
Retail Market:
Retail space maintained an average lease rate of $21.51 per square foot, while vacancy increased slightly from 4.9% to 5.08%. Despite the modest increase in available space, retail lease rates remained unchanged quarter over quarter, reflecting generally stable market conditions.
Office Market:
Office properties recorded an average lease rate of $22.95 per square foot, up from $22.41 in the third quarter, while vacancy increased from 11.3% to 12.0%. Rising lease rates alongside increased availability reflect a mixed environment, with additional options available for tenants seeking office space.
Industrial Market:
The industrial sector reported an average lease rate of $11.20 per square foot and a vacancy rate of 5.8%. Both metrics remained relatively stable compared with the previous quarter, with lease rates declining slightly from $11.22 and vacancy increasing from 5.7%.
Overall, Colorado Springs closed out 2025 with generally stable pricing across its commercial real estate sectors, even as vacancy increased modestly. Industrial and retail continue to maintain comparatively healthy occupancy levels, while higher vacancy in the multi-family and office sectors is creating a more competitive leasing environment. The fourth-quarter results point to a balanced but evolving market as Colorado Springs moves into 2026.
