Click here for report: Data By Doug Report 01.2026
Colorado’s commercial real estate market continues to prove its resilience and adaptability — and the 2025 numbers tell a compelling story.
As we wrap up another year of shifting capital, evolving demand, and renewed confidence across asset classes, the data highlights a market that is recalibrating… and strengthening. All figures below are based on Data by Doug (CoStar‑sourced, pending further validation).
📈 2025: A Year of Rebound and Realignment
Total commercial sales volume across all sectors is projected to land ~10% higher than 2024, signaling a meaningful step forward for Colorado investors, owners and operators.
🔍 Sector‑by‑Sector Highlights
Industrial
Still one of Colorado’s most durable performers. 2025 industrial sales are forecasted ~18% higher than 2024, reflecting ongoing demand from logistics, manufacturing, and owner‑users.
Office
Despite national headlines, Colorado’s office market shows signs of recalibration. Sales volume is expected to finish ~16% above 2024, driven by selective trades in well‑located assets and adaptive reuse opportunities.
Retail
A standout in 2025. Retail is forecasted to post a ~16% increase over 2024, as consumer‑facing businesses steady and investors chase stable cash flow in neighborhood, necessity‑based centers.
Land
Developer confidence is returning. Land sales are projected ~7% above 2024, powered by strategic infill plays and growth corridors across the state.
Specialty
Specialty assets cooled slightly, finishing ~3% below 2024, but still represent a dynamic slice of the market with niche buyer pools and diverse use cases.
MUH + Hospitality (MUH+H)
After years of surging activity, this category is expected to land ~10% below 2024. But the composition is changing:
- ~20% of 2025 volume came from hotel transactions (+H) vs. just ~8% in 2024, showing renewed investor appetite in hospitality assets.
🏔️ What This Means for Colorado CRE
The story of 2025 isn’t uniform — it’s a mosaic. But the overarching theme is clear: capital is returning, confidence is rebuilding, and Colorado remains one of the most strategically compelling CRE markets in the country.
My team and I will continue monitoring trends, validating incoming data, and equipping clients with the insights needed to make informed, forward‑looking decisions.
If you’d like the full January 2026 “Data By Doug” report, or want to discuss what these trends mean for your portfolio, I’m always here as a resource.