The Northern Colorado Real Estate Market

Shanti Ryle

September 12, 2025

A drone overhead shot of a neighborhood in Northern Colorado

Key Takeaways

Northern Colorado’s commercial real estate market remains strong, driven by population growth, a diverse economy, and consistent job creation across Fort Collins, Greeley, and Loveland.
Industrial demand continues to outpace supply, with a 3.9% vacancy rate and major developments like Amazon’s logistics hub reinforcing the region’s long-term growth outlook.
Office activity has softened in 2025, yet key submarkets such as Fort Collins and Greeley retain steady interest from education, healthcare, and tech tenants.
Retail performance remains a standout, with vacancies at 2.9% and new projects like Loveland’s Outdoor World signaling continued confidence from both local and national retailers.
The multifamily sector is stabilizing amid strong leasing demand and moderating construction, supported by solid rent levels and a balanced pipeline.

Northern Colorado is home to a fast-growing mix of communities where opportunity and quality of life come together. Cities like Fort Collins, Greeley, and Loveland combine a diverse economy, expanding job base, and steady population growth to create a strong foundation for commercial real estate investment. The region’s appeal stretches from established corporations to startup hubs, and from agricultural producers to advanced tech and energy firms.

Buyers and brokers have used Crexi to close more than $615 billion in asset sales, representing upwards of $7 trillion in value. This impressive scale of recent transactions reflects how quickly markets like Northern Colorado are evolving - and why they remain on the radar of both local and national investors. And with Crexi, brokers have the innovative tools needed to exceed the expectations of buyers and tenants interested in everything this scenic region has to offer.

Crexi proudly serves Northern Colorado, Loveland, Fort Collins, Greeley, and surrounding cities as the fastest-growing online commercial real estate marketplace.

A movie theater marquee in Boulder Colorado

The State of Commercial Real Estate in Northern Colorado

Northern Colorado offers a rare balance of natural beauty and economic strength. Anchored by the Rocky Mountains to the west and open plains to the east, the region has attracted a steady stream of residents and businesses.

Fort Collins is the largest city in the area and a hub for education, innovation, and sustainability. Colorado State University fuels research and talent, while growing clusters of tech and green energy firms continue to drive demand for office, lab, and multifamily space.
Greeley, once defined by agriculture, has broadened into manufacturing, healthcare, and renewable energy. Its economic diversification is drawing new employers and investors who see long-term stability in the city’s growth.
Loveland, known as the “Gateway to the Rockies,” blends a strong arts community with rising retail and residential demand. Development projects continue to reshape its downtown and surrounding neighborhoods.

Across the region, commercial and multifamily properties remain in high demand. Low vacancy rates, steady job creation, and rising population growth make Northern Colorado an attractive market for investors seeking both resilience and upside.

Northern Colorado Regional Overview

Encompassing nearly 6,700 square miles, Northern Colorado includes several cities and towns in Larimer and Weld Counties. According to the U.S. Census, the state as a whole grew by more than 182,000 residents between 2020 and 2024, with over 20% of that growth attributed to Weld County alone. Much of Weld County’s population growth is happening in the city of Greeley, a young, diverse community predicted to double in size by 2050.

Fort Collins and Loveland are located in Larimer County, while Greely is the county seat of Weld County. Combined, the region is often referred to as the Tri-City Region.
The median age is 35.3, a little less than the figure in the US.
The median household income in Fort Collins-Loveland is $56,575, while the figure for Greely is higher at $62,083.
The region has been recognized for its excellent education and economic climate, as well as its distinct lifestyle - in fact, Colorado was named the nation’s number one state for physical activity.

A train moving through Northern Colorado's mountainside

Northern Colorado Job Market

The Northern Colorado job market is defined by diversity, creativity, and opportunity. The region is growing and evolving, with a youthful and talented workforce across sectors including manufacturing, energy, technology, and professional services. At the state level, employment and new business filings have surged, marking one of Colorado’s strongest quarters on recent record.

Meanwhile, the overall job market remains resilient, with annual job growth continuity - even if the fact of national uncertainty. Together, these trends illustrate why Northern Colorado is becoming a go-to investment area: a growing, dynamic economy powered by new ventures, steady job creation, and a workforce ready to meet tomorrow’s challenges.

The combined GDP of Northern Colorado is $55 billion, with Larimer and Weld Counties making relatively equal contributions.
Average unemployment rate is 4.05%, according to data from the US Bureau of Labor Statistics (July 2025).
Major industries in Northern Colorado include advanced manufacturing, aerospace and aviation, bioscience, energy, food and agriculture, health and wellness, and information technology.
The largest employers in Northern Colorado include University of Colorado Health, JBS Swift & Company, Hewlett Packard, Banner Health: McKee Medical Center, Vestas, Avago Technologies, Haliburton Energy Services, Noble Energy, Hach Company, Otterbox, New Belgium Brewing Company, and Anheuser-Busch.
The Northern Colorado region is home to prominent educational institutions, including Colorado State University in Fort Collins and the University of Northern Colorado in Greeley.
Nearly 53% of Fort Collins residents hold a bachelor’s degree or a postgraduate degree, about 1.5 times the rate in the US, based on data from CensusReporter.org.
Northern Colorado's transportation infrastructure is anchored by major arteries such as Interstate 25, connecting the region to Denver and Wyoming, alongside US Highway 34 and 287.
Denver International Airport (DEN) is the primary air travel hub for domestic and international flights. The Northern Colorado Regional Airport (FNL) also provides service for corporate and commercial flights.

A corner building photographed at an odd angle in a Colorado city

Northern Colorado Industrial Market

Northern Colorado’s industrial sector is holding steady in 2025, marked by tight vacancies and ongoing construction activity. Demand remains broad-based, with logistics, manufacturing, and service providers continuing to shape the landscape across Fort Collins, Greeley, Loveland, and the I-25 corridor.

One of the biggest stories on the horizon is the massive Amazon logistics facility, still under construction and expected to reshape the I-25 North submarket once it delivers later this year. While absorption has slowed compared to the boom years, leasing momentum and new projects keep the market moving, underscoring the region’s long-term role as a key distribution and employment hub for Colorado.

Market overview (CBRE Northern Colorado Industrial Figures H1 2025)

Inventory: 37,343,192 SF
Vacancy rate: 3.9%
Net absorption: 181,181 SF (YTD)
Under construction: 4,070,850 SF
Key projects under construction: Amazon Logistics Facility (3,870,000 SF; est. completion Q4 2025), 2497 W I-25 Frontage Rd (75,000 SF; est. completion Q3 2025), 10923 W I-25 Frontage Rd (50,000 SF; est. completion Q3 2025)
Largest submarkets: Fort Collins, Greeley/Evans, I-25 North, Loveland/Berthoud

Crexi Insights

Fort Collins

For Lease (active)

Asking rate/SqFt (median): $13 per year
Median SqFt/listing: 3,269
Days on market: 166
Total listings on Crexi: 63

For Sale (active)

Median asking price: $1.5 million
Price/SqFt: $198
Asking cap rate: 7.8%
Days on market: 317
Total listings on Crexi: 25

Sales Comps (past 12 months)

Median sold price: $664,500
Sold price/SqFt: $203
Total sales volume: $50.5 million
Median SqFt sold/transaction: 6,812
Total SqFt sold: 391,900
Days on market (median): 307

Greeley

For Lease (active)

Asking rate/SqFt (median): $14 per year
Median SqFt/listing: 9,656
Days on market: 248
Total listings on Crexi: 18

For Sale (active)

Median asking price: $1.6 million
Price/SqFt: $142
Asking cap rate: 7.0%
Days on market: 110
Total listings on Crexi: 20

Sales Comps (past 12 months)

Median sold price: $440,000
Sold price/SqFt: $187
Total sales volume: $24.6 million
Median SqFt sold/transaction: 2,958
Total SqFt sold: 177,800
Days on market (median): 227

Loveland

For Lease (active)

Asking rate/SqFt (median): $14 per year
Median SqFt/listing: 2,105
Days on market: 373
Total listings on Crexi: 96

For Sale (active)

Median asking price: $1.8 million
Price/SqFt: $215
Days on market: 384
Total listings on Crexi: 30

Sales Comps (past 12 months)

Median sold price: $385,000
Sold price/SqFt: $162
Total sales volume: $40.1 million
Median SqFt sold/transaction: 1,640
Total SqFt sold: 225,000
Days on market (median): 52

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Mountains with a sunset shining behind them in Colorado

Northern Colorado Office Market

Northern Colorado’s office market is adjusting to a slower pace in 2025. Leasing activity has softened, with absorption dipping into negative territory after modest gains at the end of last year. The delivery of Riverbend Urban Village – Building 2 in Fort Collins has added some fresh space, but no new projects have broken ground so far this year, underscoring a cautious development pipeline.

Even with those headwinds, core submarkets like Fort Collins and Greeley continue to attract steady interest, supported by a growing mix of local businesses, universities, and healthcare providers.

Market overview (CBRE Northern Colorado Office Figures H1 2025)

Inventory: 10,460,981 SF
Vacancy rate: 6.5%
Net absorption: -37,232 SF (YTD)
Under construction: 0 SF
Notable completions: Riverbend Urban Village – Building 2 (Fort Collins-Southeast submarket)
Largest submarkets: Fort Collins Southeast, Greeley West, Fort Collins Downtown, Fort Collins Midtown

Crexi Insights

Fort Collins

For Lease (active)

Asking rate/SqFt (median): $18 per year
Median SqFt/listing: 1,997 SF
Days on market: 229
Total listings on Crexi: 220

For Sale (active)

Median asking price: $921,600
Price/SqFt: $221
Asking cap rate: 6.9%
Days on market: 271
Total listings on Crexi: 53

Sales Comps (past 12 months)

Median sold price: $1.5 million
Sold price/SqFt: $211
Total sales volume: $33.3 million
Sold cap rate: 6.1%
Median SqFt sold/transaction: 5,613 SF
Days on market (median): 461

Greeley

For Lease (active)

Asking rate/SqFt (median): $14 per year
Median SqFt/listing: 9,656 SF
Days on market: 248
Total listings on Crexi: 18

For Sale (active)

Median asking price: $1.6 million
Price/SqFt: $142
Asking cap rate: 7%
Days on market: 144
Total listings on Crexi: 16

Sales Comps (past 12 months)

Median sold price: $1 million
Sold price/SqFt: $171
Total sales volume: $20.9 million
Median SqFt sold/transaction: 7,291 SF
Days on market (median): 962

Loveland

For Lease (active)

Asking rate/SqFt (median): $16 per year
Median SqFt/listing: 1,911 SF
Days on market: 328
Total listings on Crexi: 77

For Sale (active)

Median asking price: $817,400
Price/SqFt: $186
Asking cap rate: 5.1%
Days on market: 124
Total listings on Crexi: 29

Sales Comps (past 12 months)

Median sold price: $375,000
Sold price/SqFt: $168
Total sales volume: $6.3 million
Median SqFt sold/transaction: 2,594 SF
Days on market (median): 291

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A multifamily neighborhood property in Colorado with the rockies in the background

Kansas City Retail Market

The Northern Colorado retail market has held its ground in 2025, with demand staying steady and vacancy levels reaching new lows. National and regional retailers continue to target the area’s growing communities, while local operators benefit from strong consumer spending.

New projects, like the recently announced Outdoor World at Brands at the Ranch in Loveland, signal confidence in the region’s long-term growth. With shoppers and businesses alike fueling activity, retail remains one of the most dynamic pieces of the Northern Colorado commercial real estate landscape.

Market overview (CBRE Northern Colorado Retail Figures H1 2025)

Vacancy rate: 2.9%
Net absorption: 155,000 SF (YTD)
Under construction: 267,000 SF
Notable projects under construction: Outdoor World at Brands at the Ranch (130,000 SF; Loveland)

Crexi Insights

For the latest updates on the Fort Collins office market, turn to Crexi Insights. Here is the detailed information on recent sales and leasing trends as of September 2025.

Fort Collins

For Lease (active)

Asking rate/SqFt (median): $24 per year
Median SqFt/listing: 2,400 SF
Days on market: 163
Total listings on Crexi: 116

For Sale (active)

Median asking price: $1.4 million
Price/SqFt: $189
Asking cap rate: 6.7%
Days on market: 211
Total listings on Crexi: 29

Sales Comps (past 12 months)

Median sold price: $1.6 million
Sold price/SqFt: $280
Total sales volume: $39.4 million
Median SqFt sold/transaction: 4,761 SF
Days on market (median): 461

Greeley

For Lease (active)

Asking rate/SqFt (median): $17 per year
Median SqFt/listing: 3,027 SF
Days on market: 154
Total listings on Crexi: 39

For Sale (active)

Median asking price: $1.3 million
Price/SqFt: $138
Asking cap rate: 7%
Days on market: 90
Total listings on Crexi: 19

Sales Comps (past 12 months)

Median sold price: $675,000
Sold price/SqFt: $182
Total sales volume: $37.8 million
Sold cap rate: 8.5%
Median SqFt sold/transaction: 2,657 SF
Days on market (median): 398

Loveland

For Lease (active)

Asking rate/SqFt (median): $17 per year
Median SqFt/listing: 1,800 SF
Days on market: 370
Total listings on Crexi: 64

For Sale (active)

Median asking price: $1.3 million
Price/SqFt: $182
Asking cap rate: 6.2%
Days on market: 81
Total listings on Crexi: 20

Sales Comps (past 12 months)

Median sold price: $988,000
Sold price/SqFt: $215
Total sales volume: $77.5 million
Median SqFt sold/transaction: 4,436 SF
Days on market (median): 175

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An aerial, wide-angle view of Boulder, Colorado

Northern Colorado Multifamily Market

Northern Colorado’s multifamily sector is steadying after a few turbulent years, with renters still drawn to the region’s mix of lifestyle and job opportunities. Vacancy has tightened compared to last year, showing that demand remains healthy even as new projects continue to hit the market.

Leasing activity is holding up, supported by steady absorption and solid rent levels across Fort Collins, Greeley, and Loveland. At the same time, construction has slowed from earlier peaks, which should help keep the market balanced.

Market overview (Colliers Northern Colorado Multifamily Market Report Q1 2025)

Vacancy rate: 5.4%
Net absorption: 556,000 units (YTD)
Under construction: 1,196 units
Average asking rent (per unit): $1,625
Notable sales: 4470 S. Lemay Ave (248 units; Fort Collins), 500 Apex Dr (120 units; Windsor)