Colorado Commercial Real Estate

“Data By Doug”
Your CRE Data for Colorado

Colorado CRE activity remains healthy, with industrial leading early 2026 momentum

Colorado’s commercial real estate market entered 2026 with continued transaction activity, although at a more measured pace than the unusually strong start recorded in early 2025. Through February 2026, the market posted 765 total commercial real estate transactions, compared with 834 transactions during the same period last year, representing a year-over-year decline of approximately 8.3%.

Despite this moderation, the broader market remains active by recent standards. Transaction counts in 2025 materially outperformed both 2024 and 2023, and current activity suggests that investors are still deploying capital where fundamentals, pricing, and financing conditions support execution. The market today appears more selective than it was during the strongest parts of the prior cycle, but it is not stalled. Rather, Colorado CRE is reflecting a more disciplined and asset-specific investment environment.

A defining feature of the current market is the divergence between sectors. Industrial has emerged as the strongest early performer, while retail remains the most active sector by total transaction count. Office continues to improve from 2023 lows, though activity remains uneven. Land and multifamily opened the year below prior-year levels, suggesting that development-oriented and rate-sensitive segments continue to face more friction. Specialty assets posted strong relative growth, albeit from a smaller base.
Monthly sales volume remains volatile across nearly every major property type. Larger individual closings continue to influence dollar volume in a meaningful way, making transaction count the more stable and useful indicator of current market momentum.

Statewide Market Performance

Colorado CRE activity improved substantially over the last two years. The market recorded 3,345 total transactions in 2023, increasing to 4,352 in 2024, and then climbing to 5,402 in 2025. Against that backdrop, the first two months of 2026 represent a moderation from a very strong benchmark rather than a meaningful contraction in activity.

The statewide market remains supported by buyer demand in sectors where underwriting is more transparent and leasing fundamentals remain durable. Investors continue to transact where pricing has adjusted appropriately and financing markets allow for reasonable execution. The current environment favors discipline, selectivity, and asset quality over broad-based momentum.

Statewide Transaction Snapshot
• 2023 total transactions: 3,345
• 2024 total transactions: 4,352
• 2025 total transactions: 5,402
• 2026 YTD through February: 765
• Jan–Feb 2025: 834
• Year-over-year change: -8.3%

Link -to summarized report

Colorado’s growth story isn’t what most people think.

Between 2020 and 2024, Colorado added nearly 170,000 residents—and migration, not births, is the real driver.
Here’s what the data actually shows:

• +182,169 people since 2020
• 3.2% growth rate (faster than the U.S. average of 2.6%)
• 11th in total population growth nationwide
• 16th in percent growth

🚚 What’s driving the growth?
• 63% of Colorado’s population increase came from net migration
• Only 37% came from natural increase (births minus deaths)
In plain terms:

👉 People are choosing Colorado.
This has real implications for:
• Housing demand
• Workforce availability
• Commercial real estate absorption
• Infrastructure and municipal planning

For owners, investors, and developers, migration-led growth behaves very differently than organic growth—and the opportunities (and risks) are not evenly distributed across the state.
Data source: Colorado State Demography Office, Vintage 2024 Population Estimates (pages 8 & 17).
2025 Summit Population Estimates

Link to source document.

-On a National Level-

People vote with their feet.

From 2020–2024, U.S. population growth clustered in just a few states:

⬆️ Top gains
Texas: +1.2M
Florida: +1.0M
North Carolina: +487K

⬇️ Largest losses
California: −338K
Illinois: −194K
New York: −102K

This isn’t random—it’s a signal.

Population growth fuels housing demand, jobs, and commercial real estate activity. Declines create very different challenges.

Follow the people. The real estate usually follows next.

Source: U.S. Census Bureau | Colorado State Demography Office

#ColoradoRealEstate
#PopulationTrends
#EconomicGrowth
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#CREInsights
#ColoradoBusiness

Berthoud Pkwy FOR SALE on 721 N Berthoud Pkwy, realnex.com

Link – Flyer

Property Description

721 N Berthoud, Berthoud Colorado 80513 – FOR SALE

10 acres zoned R-2 in the heart of Berthoud Colorado! This site is one of the rare opportunities for a developer/builder to pick up a small residential development site. With only minutes away from Boulder, and a quick drive to Loveland / Ft. Collins, this site is positioned right on the path of growth. Also, this site has quick access to the new TPC Golf Course and directly across from the new community center. Prior concept submitted had more than 100 units (duplex & detached single family) for this site. Listing agent is a limited partner in the current ownership.

Area Description

Frontage to Berthoud Parkway – across from the new recreation center.

Do you need an office to work from in Westminster, or do you have a small team that needs an office? This is better than those co-working spaces and doesn’t have the challenges of a larger office building!

This site could be perfect for you, no long-term commitment and a professional environment to work from. Take a look at a few options online:

Link – Team office vTour ($1.2k per month)

Link – Executive Office vTour ($1k per month)

Link – Individual office vTour ($500 per month

Or, if you want to set up a tour to see any of these spaces, contact Doug Jennings, CCIM today:

DougJennings@REMAX.net

720-434-6637