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Downtown Colorado Springs hasnât seen the commercial investment newer sections of the city have grown used to, to include the northern boundaries of the city. Helen Robinson
Experts say the commercial real estate market in Colorado Springs is poised for continued growth in 2021 â even as the area recovers from the pandemic-related economic shutdowns of last year.
Real estate analytics company Costar reported that the vacancy rate for commercial properties in Colorado Springs hit 8.84 percent in the fourth quarter of 2020, with a high of roughly 450,000 square feet sitting empty after more than a dozen Downtown businesses closed or looked to cut overhead costs as their employees shifted to remote work.
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