Colorado Springs Commercial Real Estate

Why Colorado Springs Commercial Real Estate Stands Apart

Colorado Springs is the second-largest city in Colorado and the seat of El Paso County, about an hour south of downtown Denver on I-25. Its economy leans on a heavy military and aerospace presence, including Peterson Space Force Base, Schriever Space Force Base, Fort Carson and the U.S. Air Force Academy, plus a deep base of defense contractors, health care systems and small businesses that serve them.

That mix shapes demand. Contractors need secure office and flex space near the bases. Health care groups need medical office near population growth on the north and east sides. Service companies need small-bay industrial with good access to Powers Boulevard and I-25. Reading Colorado Springs commercial real estate starts with knowing which of those users drives a given submarket.

Colorado Springs Commercial Real Estate Snapshot: Q3 2026

Colorado Springs figures as of October 12, 2026. Source: CoStar.

• Office: vacancy has risen to 11.5% but remains below the national average, and asking rents grew 3.4% over the past year. Defense, aerospace and technology tenants signed the largest leases.
• Industrial: vacancy is 6.7% with flat rents. Logistics averages $11.15/SF and flex $13.14/SF. Limited new construction has kept Colorado Springs from the oversupply seen in larger distribution markets.
• Retail: vacancy is a tight 4.8%, with fitness, entertainment, service and quick-service users backfilling space.

Market-wide averages vary by submarket and building. For a specific property, we pull current comparables.

Colorado Springs Submarkets We Work

Every submarket has its own tenant base, building stock and pricing logic. The areas we see most often:

• North I-25 corridor, Interquest and Briargate: newer office, medical and retail serving north-side growth and the Air Force Academy area.
• Powers corridor and the east side: retail, flex and industrial following residential growth east of Powers Boulevard.
• Airport and Peterson area: industrial, flex and contractor space near Colorado Springs Airport and Peterson Space Force Base.
• Downtown Colorado Springs: older office, mixed-use and redevelopment opportunities with a different tenant profile than the suburbs.
• Southwest and Fort Carson area: service retail and small industrial tied to the Fort Carson population.

What Drives Value in Colorado Springs Commercial Real Estate

Value in Colorado Springs commercial real estate comes down to the same few things we check on every Front Range deal: the quality and term of the income, the cost to operate and maintain the building, access and visibility, and how deep the pool of likely buyers or tenants is for that property type in that submarket.

A flex building near Peterson leased to a defense contractor is underwritten very differently from a neighborhood retail strip on the east side or an older downtown office building. Lease terms, tenant credit, renewal risk and the cost of re-tenanting space all move the number. We show you the math behind every recommendation so you can make the call with confidence.

Buying Colorado Springs Commercial Real Estate

Whether you are an owner-user buying your own building or an investor adding to a portfolio, the work is the same: define the goal, underwrite the numbers and verify the property before you commit. We look at the rent roll and leases, operating expenses, deferred maintenance, zoning and access, and how the property fits the submarket it sits in.

Owner-users in Colorado Springs often compare buying against leasing, and many look at SBA 504 financing to keep the down payment low. Our SBA 504 guide and lease vs. buy analysis walk through both.

Selling or Leasing a Colorado Springs Property

For owners, the question is how to reach the right buyer or tenant without leaving money on the table. We price Colorado Springs commercial real estate on income and recent comparable sales, prepare the documents buyers and tenants ask for, and market to owner-users, investors and 1031 exchange buyers across the Front Range. See how we approach selling commercial property and landlord representation.

Tenant Representation in Colorado Springs

Tenants leasing office, medical, flex or industrial space in Colorado Springs get the same tenant representation we provide in Denver: a clear space plan, a market survey of real options, and negotiation on rent, concessions, improvements and renewal rights. Representing only the tenant keeps the advice on your side of the table.

Local Resources

For zoning, permits and economic development information, start with the City of Colorado Springs. For pricing, comparable sales and current availability, talk with us. Those numbers change quickly and should come from current data, not a website.

Common Questions