PUBLIC POLICY

With the ushering in of retail marijuana after over a decade of remaining strictly medicinal, Colorado Springs has brought in nearly $2M in tax revenue after only 9 months of retail shops being open, representing a staggering increase.

Year-end state of the city remarks by local officials emphasized significant drops in crime rates, including a 20% reduction in homicides, 41% in motor vehicle thefts, and 16% in overall property crime. Emergency response times also improved, with 911 calls being answered more efficiently.

HAPPENINGS

The city advanced agreements for job creation, notably Swire Coca-Cola’s announcement of a $475 million manufacturing facility, which was expected to boost advanced manufacturing jobs.

In November 2025, apartment construction activity rose — with permits issued for over 1,100 new units across multiple projects (including affordable units and larger complexes), signaling a rebound after slower construction earlier in the year.

Cost of living in Colorado Springs is now 2% higher than the national average and 3% lower than the state average; housing in the Springs is 7% more expensive than the U.S. average.

COMMERCIAL REAL ESTATE

Office Vacancy rates remained relatively stable over the past year, edging down from 13.54% at year-end 2024 to 12.87% in 2025. Over the last four years, these have averaged 12.80%, with the market reaching its lowest point in 2022 at 11.59%.

The Colorado Springs multifamily market ended 2025 in a position of relative stability, with occupancy rising to 93.0%, reflecting modest gains over both 2024 and 2023. Development activity continued its downward trend from the 2023 peak, with 2025 deliveries less than one-third of 2024 levels. Investment activity softened relative to 2024 but rebounded to 2023 levels, suggesting cautious yet renewed investor interest.

KEY TRANSACTIONS

MULTI-FAMILY: $82M | Forge at Briargate MULTI-FAMILY: $81M | Upland Flats

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