PUBLIC POLICY The Wildland Urban Interface (WUI) ordinance revised fire-resistance requirements for construction in designated wildfire-prone areas, addressing issues such as building materials, defensible space, vegetation management, and construction standards. City Council approved additional funding to acquire approximately 40 acres for the Corral Bluffs/Central Mesa (CMSP) West Extension, continuing the city’s long-term Trails, Open Space…
PUBLIC POLICY
The Wildland Urban Interface (WUI) ordinance revised fire-resistance requirements for construction in designated wildfire-prone areas, addressing issues such as building materials, defensible space, vegetation management, and construction standards.
City Council approved additional funding to acquire approximately 40 acres for the Corral Bluffs/Central Mesa (CMSP) West Extension, continuing the city’s long-term Trails, Open Space and Parks (TOPS) preservation strategy.
HAPPENINGS
At the 40th annual Space Symposium, held at The Broadmoor, SelectTech announced an expansion into Colorado Springs, bringing an estimated 150 new jobs.
Colorado Springs has experienced a healthy pace of local business expansion, even as some national and regional retailers and restaurants closed locations due to broader economic pressures.
COMMERCIAL REAL ESTATE
We’ve seen ongoing investment in commercial properties, including the proposed Project Taurus data center, specifically driven by the local AI marketplace.
Commercial real estate in El Paso County remained resilient in Q2 2026, with retail and medical office leading performance due to strong demand and population growth, while industrial continued to perform well but showed signs of normalization as new supply increased; office remained the most challenged sector, though vacancy began stabilizing as demand improved in higher-quality and specialized spaces.
KEY TRANSACTIONS
GENERAL-SPECIAL PURPOSE: $50M | 13045 Spectrum Sun Vw 80921
OFFICE: $15M | 7250 Campus Dr 80920
| 2025 YTD | 2026 YTD | %+- | |
| VELOCITY (Source – Moody’s – El Paso County Q3) | |||
| Commercial Sales Volume | na | na | na |
| Commercial Transactions | na | na | na |
| VACANCY RATE (Source – Variable; Office Sector Class A/B, Colorado Springs Q2) | 12.15% | 15.04% | 23.79% |
| CAP RATE (Variable – Download Full Report) | |||
| SALES TAX INDICATORS (Source – Coloradosprings.gov) | |||
| All Sales Tax | $21,257,902 | $22,138,011 | 4.14% |
| Lodging Taxes | $872,189 | $927,695 | 6.36% |
