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[](https://www.officespace.com/en/gb)  We couldn't find this location… Try broadening your search Size  Size 1-2 people (125-250SF) 3-5 people (375-600SF) 6-10 people (750-1,200SF) 11-20 people (1,375-2,500SF) 21-49 people (2,600-6,000+SF) 50-99 people (6,000-12,000+SF) 100+ people (12,000+SF) No max price  No max price £1,000/MO £1,500/MO £2,000/MO £2,500/MO £3,000/MO £4,000/MO £5,000/MO £7,500/MO £10,000/MO £20,000/MO £50,000/MO All Offices  All OfficesA mix of traditional office space and coworking spaces for lease. Lease OnlyTraditional office space. Coworking OnlyCoworking Spaces are usually fully built out furnished private offices or desks in a communal environment, ready to move into with amenities and administration included in a fixed monthly rent.  22 Results Contact Us   Top Cities All Office Space  [Charlotte, NC](https://www.officespace.com/nc/charlotte)[Chicago, IL](https://www.officespace.com/il/chicago)[Cincinnati, OH](https://www.officespace.com/oh/cincinnati)[Columbus, OH](https://www.officespace.com/oh/columbus)[Houston, TX](https://www.officespace.com/tx/houston)[Indianapolis, IN](https://www.officespace.com/in/indianapolis)[Las Vegas, NV](https://www.officespace.com/nv/las-vegas)[Los Angeles, CA](https://www.officespace.com/ca/los-angeles)[Miami, FL](https://www.officespace.com/fl/miami)[New York, NY](https://www.officespace.com/ny/new-york)[Orlando, FL](https://www.officespace.com/fl/orlando)[Phoenix, AZ](https://www.officespace.com/az/phoenix)[Portland, OR](https://www.officespace.com/or/portland)[San Antonio, TX](https://www.officespace.com/tx/san-antonio)[San Diego, CA](https://www.officespace.com/ca/san-diego)[Seattle, WA](https://www.officespace.com/wa/seattle) Brokers  [List for free](https://www.officespace.com/pages/add-listing)[Lead Connect](https://www.officespace.com/pages/solutions-lead-connect)[Feature your listing](https://www.officespace.com/pages/featured-listings) [Help](https://officespaceinc.zendesk.com/hc/en-us) [Sign Up](https://www.officespace.com/users/sign_up) Log In [CO](https://www.officespace.com/co)/ [Colorado Springs](https://www.officespace.com/co/colorado-springs) Narrow your search    \$479 \$119 \$99 \$309 \$289 \$649 # Office Space for Rent Colorado Springs  [](https://www.officespace.com/co/colorado-springs/2289002-618-620-n-tejon-st) [The Woltman Building 618-620 N Tejon St 2 Spaces, 1 - 10 ppl \| (1,127 - 1,196 SF) From \$1,596/MO LOT 13 BLK 21 ADD 1 COLO SPGS](https://www.officespace.com/co/colorado-springs/2289002-618-620-n-tejon-st) [](https://www.officespace.com/co/colorado-springs/2333349-12265-oracle-blvd) [Las Piedras Office Campus 12265 Oracle Blvd 5 Spaces, 1 - 5 ppl \| (93 - 151 SF) Coworking from \$649/MO Prime Office Space in Northgate – Flexible Suites with Realtor Referral Potential Excellent office space available in the highly desirable Northgate area of Colorado Springs. Enjoy stunning mountain views, abundant parking, and a professional, well-maintained environment ideal for growing businesses. The building is anchored by a top-performing RE/MAX real estate office, home to over 115 active agents. This creates a rare opportunity for professionals in complementary industries. Office Details: Multiple private office suites available in various sizes (most commonly 10’ x 12’) Flexible lease terms Included Amenities: 40-person training room with projector, camera, computer, and full audio system Multiple conference rooms Blazing-fast high-speed Internet Trash service Janitorial services Snow removal Professionally managed building with well-kept common areas Whether you're looking to expand your network, elevate your business presence, or simply work in a dynamic and collaborative environment, this Northgate location is a standout.](https://www.officespace.com/co/colorado-springs/2333349-12265-oracle-blvd) [](https://www.officespace.com/co/colorado-springs/2208668-1755-telstar-drive-3rd-floor) [Regus Colorado Springs - Colorado Springs 1755 Telstar Drive 3rd Floor 3 Spaces, 6 ppl Coworking from \$479/MO This business center makes a stunning first impression – both architecturally, with its strips of mirrored glass, and as a business location visible from Interstate 25. On the inside, the property boasts many corner offices and breath-taking panoramic views of the Colorado Rocky Mountain range and the U.S. Air Force Academy. The business center's corporate neighbors include businesses specializing in insurance, healthcare and finance. The campus is also home to electronic and engineering companies. Colorado is ranked among the top 5 states in which to do business. The city is also notable for its educated and talented workforce.](https://www.officespace.com/co/colorado-springs/2208668-1755-telstar-drive-3rd-floor) [](https://www.officespace.com/co/colorado-springs/77393-723-n-weber-st) [720media Building 723 N Weber St 1 Space, 1 - 4 ppl \| (467 SF) From \$994/MO Suite 103 is a beautiful 1st-floor office located in a wellness-focused building at 723 N. Weber St., right in the heart of the Historic Uptown Neighborhood of Downtown Colorado Springs. Featuring hardwood floors, natural lighting, free parking and easy access to two bathrooms. This inviting two-room suite is perfect for massage therapists, counselors, chiropractors, or any wellness-based business looking for a peaceful and professional environment. Enjoy the benefits of a building exclusively occupied by health and wellness practitioners - an ideal setting for collaboration, referrals, and client comfort. Perks include: - 2 Private Exterior Entrances - All Utilities Included (Free A/C, Parking, etc.) - Gross Lease (No Surprise Fees) - Community of Like-Minded Professionals Don’t miss out on this prime downtown location to elevate your business. Contact us today to view this charming office.](https://www.officespace.com/co/colorado-springs/77393-723-n-weber-st) [](https://www.officespace.com/co/colorado-springs/2302759-19-south-tejon-street) [Historic Hibbard Building 19 South Tejon Street, 6 Spaces, 1 - 65 ppl \| (279 - 8,103 SF) From \$1,818/MO 121212](https://www.officespace.com/co/colorado-springs/2302759-19-south-tejon-street) [](https://www.officespace.com/co/colorado-springs/2262082-118-n-tejon-street) [Historic DeGraff Building 118 N. Tejon Street 3 Spaces, 1 - 62 ppl \| (2,036 - 7,800 SF) Contact us Located in the heart of downtown, the property benefits from an exceptional walkable setting near the I-25 and Bijou Street interchange, providing convenient access to both local and regional traffic. The surrounding area features a dense mix of hotels, parks, restaurants, offices, entertainment, and residential uses, driving steady foot traffic throughout the day and evening.](https://www.officespace.com/co/colorado-springs/2262082-118-n-tejon-street) [](https://www.officespace.com/co/colorado-springs/2235710-5040-corporate-plaza-drive-suite-7) [My Buddies 5040 Corporate Plaza Drive Suite 7 2 Spaces, 1 ppl \| (up to 1,556 SF) Coworking from \$99/MO This location offers everything you need in a modern office, without the hassle of maintenance. Providing State-of-the-Art 269 sq. ft. conference room (Seats up to 10), Modern 245 sq. ft. open space and reception area and a shared kitchen. The Second 160 sq. ft. open space also comes with whiteboard. Amenities include Wi-Fi, Sleek and ergonomic-friendly furnishings, and much more. Flexibility and 24-hour access. Use the lounge space to connect with your coworkers, or have coffee with your clients. Choose from a wide range of sizes of rooms to suit your needs! This location also offers both furnished and unfurnished desk options.](https://www.officespace.com/co/colorado-springs/2235710-5040-corporate-plaza-drive-suite-7) [](https://www.officespace.com/co/colorado-springs/2233275-5825-delmonico-drive) [Regus Colorado Springs - Delmonico Dr 5825 Delmonico Drive 4 Spaces, 10 ppl Coworking from \$309/MO This exquisitely furnished and technologically sophisticated workspace provides serviced office options and coworking spaces in a beautifully designed space, ideal for any type of professional and corporate requirements. The stunning workspace itself offers members access to conferencing rooms, beautiful common spaces, an on-site cafe, and meeting rooms. The workspace is more than just a place to work; it's a community of like-minded individuals who are committed to helping each other succeed. Whether the clients looking for a place to get some work done or a community to belong to, the workspace has everyone covered.](https://www.officespace.com/co/colorado-springs/2233275-5825-delmonico-drive) [](https://www.officespace.com/co/colorado-springs/2263306-102-n-cascade-ave) [Downtown Class A Office 102 N. Cascade Ave 3 Spaces, 1 - 96 ppl \| (967 - 11,940 SF) From \$1,369/MO 102 N Cascade Avenue is centrally located in the heart of downtown Colorado Springs, just steps from Tejon Street and surrounded by restaurants, coffee shops, retail, and professional services. The property offers excellent accessibility with quick connections to I-25, Highway 24, and nearby public transit. Tenants benefit from a highly walkable environment and convenient access to public garages and street parking. The building is minutes from City Hall, the courthouse, and major downtown employers. Ongoing investment and revitalization in downtown Colorado Springs make this a desirable address for a wide range of office users.](https://www.officespace.com/co/colorado-springs/2263306-102-n-cascade-ave) [](https://www.officespace.com/co/colorado-springs/2259121-707-n-nevada-ave) [707-711 N Nevada Ave 707 N Nevada Ave 1 Space, 1 - 2 ppl \| (300 SF) Contact us S2N2 OF LOT 2 BLK 13 ADD 1 COLO SPGS](https://www.officespace.com/co/colorado-springs/2259121-707-n-nevada-ave) [](https://www.officespace.com/co/colorado-springs/2251674-6760-corporate-dr-1st-floor) [Regus Colorado Springs - Corporate Dr 6760 Corporate Dr 1st Floor 5 Spaces, 6 ppl Coworking from \$119/MO Give business a lift with flexible office space on Corporate Drive. Drive the brand forward with a fully furnished workspace on Corporate Drive. Hit the ground running in an office filled with comfortable furniture and impress clients and partners in a professional environment. Park in the private lot and feel energized all day with coffee from the fully stocked kitchen. Introduce business to potential clients in a lively shared office and encourage collaboration in dedicated coworking spaces. When out of the office, maximize productivity with exclusive access to the global network of business lounges. Download the Regus mobile app and manage space on the move.](https://www.officespace.com/co/colorado-springs/2251674-6760-corporate-dr-1st-floor) [](https://www.officespace.com/co/colorado-springs/2205810-102-s-tejon-street-suite-1100) [Regus Colorado Springs - South Tejon St 102 S. Tejon Street Suite 1100 3 Spaces, 1 - 10 ppl Coworking from \$289/MO This stunning business center provides clients with one of the city’s most prestigious business addresses in the heart of downtown. The building features an attractive lobby graced with live plants, and professional amenities such as a fitness center, full-service banking and a title company. Clients enjoy the use of a warm reception area, five conference rooms, and several fully-furnished and equipped day offices. This center provides full-time and part-time office options, completely furnished with high-speed Internet, professional business support services and complimentary gourmet coffee and tea.](https://www.officespace.com/co/colorado-springs/2205810-102-s-tejon-street-suite-1100) [](https://www.officespace.com/co/colorado-springs/2388014-2301) [3 Cubed Coworking 2301, East Pikes Peak Avenue 2 Spaces, 1 - 6 ppl \| (up to 20,000 SF) From \$345/MO 3 Cubed Coworking offers a welcoming, professional, and flexible environment tailored for freelancers, small business owners, remote workers, creatives, and wellness professionals alike. Whether you’re looking for a quiet desk for deep focus, a private office for client calls, or a meeting room for your next team strategy session, our space adapts to your needs. The community is collaborative and supportive — ideal for those who want to grow their business surrounded by other driven entrepreneurs. Members enjoy 24/7 access, complimentary coffee, fast fiber internet, printing, and thoughtfully designed shared spaces that inspire productivity. We also host regular networking nights, workshops, and local meetups to foster connection and creativity.](https://www.officespace.com/co/colorado-springs/2388014-2301) [](https://www.officespace.com/co/colorado-springs/2263311-5825-delmonico-drive) [5825 Delmonico Drive 1 Space, 1 - 32 ppl \| (4,139 SF) From \$5,863/MO Located in the desirable north submarket of Colorado Springs, this property is positioned along the prominent I-25 corridor with excellent visibility and access. West-facing suites enjoy exceptional views of Pikes Peak, creating a strong sense of place and connection to the outdoors. The west side location is highly desirable for companies and their employees, offering immediate access to nearby trails, open space, and outdoor recreation options. The property provides excellent freeway access to Interstate 25 and is close to the Tech Center and University Village retail and restaurant amenities.](https://www.officespace.com/co/colorado-springs/2263311-5825-delmonico-drive) [](https://www.officespace.com/co/colorado-springs/2378282-1155-kelly-johnson-boulevard-1st-floor) [Regus Colorado Springs - Kelly Johnson Blvd 1155 Kelly Johnson Boulevard 1st Floor 5 Spaces, 10 ppl Coworking from \$55/MO Take business operations to new heights at The Presidio, a Regus workspace located on Kelly Johnson Boulevard. This bright, modern building features offices, coworking areas, and meeting rooms enhanced by abundant natural light and ample parking. Ideal for a permanent base or a flexible day workspace, The Presidio offers professional surroundings and an inspiring atmosphere that supports focus, collaboration, and growth. Designed for flexibility and productivity in Colorado Springs, the space includes open coworking areas, private offices, and fully equipped meeting rooms suited to a wide range of business needs.](https://www.officespace.com/co/colorado-springs/2378282-1155-kelly-johnson-boulevard-1st-floor) [](https://www.officespace.com/co/colorado-springs/2381642-1229-lake-plaza-dr) [Copper Tree Office Park 1229 Lake Plaza Dr 1 Space, 1 - 8 ppl \| (954 SF) Contact us Nestled within the well-established Copper Tree Office Park, adjacent to the Broadmoor area, 1229 Lake Plaza Drive offers a professional setting with easy access to I-25. The property is conveniently located near hotels, restaurants, medical providers, and a variety of everyday amenities, making it an ideal location for office and professional users.](https://www.officespace.com/co/colorado-springs/2381642-1229-lake-plaza-dr) [](https://www.officespace.com/co/colorado-springs/2363218-218-e-willamette-ave) [218 E Willamette Avenue 1 Space, 1 - 20 ppl \| (2,467 SF) From \$3,700/MO W 65 FT OF S 150 FT OF LOT 3 BLK 23 ADD 1 COLO SPGS](https://www.officespace.com/co/colorado-springs/2363218-218-e-willamette-ave) [](https://www.officespace.com/co/colorado-springs/2382124-5540-n-academy-blvd) [Montebello Plaza 5540 N Academy Blvd 2 Spaces, 1 - 30 ppl \| (1,444 - 3,809 SF) From \$1,444/MO Located on North Academy Boulevard in north Colorado Springs, this office site sits within the Montebello Plaza submarket near regional retail and major roadways.](https://www.officespace.com/co/colorado-springs/2382124-5540-n-academy-blvd) [](https://www.officespace.com/co/colorado-springs/2388092-7-east-cimarron-street) [Hamilton Building - Multi Use Property 7 East Cimarron Street 1 Space, 1 - 50 ppl \| (969 SF) From \$1,291/MO Near I-25 and Cimarron junction.](https://www.officespace.com/co/colorado-springs/2388092-7-east-cimarron-street) [](https://www.officespace.com/co/colorado-springs/2318763-912-n-circle-dr) [Rampart Design Center 912 N Circle Dr 1 Space, 1 ppl \| (136 SF) From \$299/MO Well-maintained and recently renovated 2-story building on the east side of Colorado Springs, conveniently located off Galley and N. Circle Dr. Lower level single or connected office spaces available to suit your business needs. Plenty of parking, secure entry. Large conference area also available for meetings. Wifi set up and ready for client connection (additional cost). •Shared break room w/ fridge •Storage spaces available •Offices with natural light available •Security cameras •Exterior keypad locks](https://www.officespace.com/co/colorado-springs/2318763-912-n-circle-dr) [](https://www.officespace.com/co/colorado-springs/2322063-2020-w-colorado-ave) [2020 W Colorado Ave 1 Space, 1 - 8 ppl \| (990 SF) From \$3,168,000 Prime Office Space in Historic Old Colorado City – 2020 W Colorado Ave, Unit 103A 🚀 Elevate your business in the heart of Old Colorado City! Unit 103A at 2020 W Colorado Ave offers an exceptional location with a professional atmosphere, perfect for small businesses, medical practices, startups, or independent professionals. Why This Space? ✨ Highly Visible Location – Nestled in a vibrant district with bustling foot traffic and easy accessibility. 🏢 Versatile Office Layout – Thoughtfully designed for productivity with ample space to customize your setup. 🚗 Convenient Parking & Accessibility – Plenty of parking options and effortless ground-floor entry for clients. 🌟 Historic Charm Meets Modern Convenience – A beautiful fusion of character and functionality in a well-maintained property. 🛍 Close to Amenities – Steps from local restaurants, coffee shops, and essential services for a dynamic work-life balance. If you’re looking for an ideal professional space in a prime location, this is your chance! Secure Unit 103A today and position your business for success in one of Colorado Springs' most sought-after areas. 📞 Schedule a viewing now – this opportunity won’t last long\!](https://www.officespace.com/co/colorado-springs/2322063-2020-w-colorado-ave) [](https://www.officespace.com/co/colorado-springs/2385611-13710-struthers-road) [Gleneagle Executive Center 13710 Struthers Road 1 Space, 1 - 8 ppl \| (996 SF) Contact us Located just off I-25 at Northgate, this Class A Gleneagle office property offers beautiful western mountain views and convenient access to nearby restaurants, shopping, and services in one of Colorado Springs’ most active north-end corridors. The location is ideal for tenants seeking a professional office presence with excellent accessibility and strong surrounding amenities.](https://www.officespace.com/co/colorado-springs/2385611-13710-struthers-road) - [](https://www.officespace.com/co/colorado-springs?page=1) - [1](https://www.officespace.com/co/colorado-springs?page=1) - [](https://www.officespace.com/co/colorado-springs?page=1) About this location ## Colorado Springs Commercial and Office Space Overview Established as a permanent settlement in 1859, Colorado Springs is the second largest city in the state and has a long history of commerce, prosperity, and a can-do spirit that continues from its Old West roots. Covering nearly 200 square miles, the city is extensive and spacious, allowing for plenty of room for its 465,000 residents to spread out. Home to a major military presence, the city’s main lifeblood revolves around government programs, defense, tourism, and the high-tech sector. With a rock bottom median rate per square foot/year at \$18 and more than 500 available listings, the commercial real estate market in Colorado Springs is a remarkable opportunity for entrepreneurs looking for a hip, scenic city to lay down their roots. ## Economy of Colorado Springs Home to the U.S. Air Force Academy, three Air Force installations, and the US Army post Fort Carson, much of Colorado Springs’ economy revolves around the military and various defense contractors that have taken up residence in the nearby area. However, due to the natural features in the region and the presence of the United States Olympic Training Center, tourism is a major economic driver in Colorado Springs, bringing in 5 million visitors each year and [more than \$1.3 billion in revenue](http://www.deanrunyan.com/index.php?fuseaction=Main.TravelstatsDetail&page=Colorado). Several high-tech firms exist in the Colorado Springs area, including Verizon Business, HP, and Microchip Technology. While there have been notable reductions in the number of jobs in this sector over the last two decades, the industry remains a top 3 employer in the area and continues to attract top talent around the world to Colorado Springs. Strangely, Colorado Springs has effectively removed itself from Colorado’s high-profile recreational cannabis market, rejecting any and all recreational shops since legalization was passed in 2013. Experts say the city is missing out on [as much as \$25 million per year](https://assets.documentcloud.org/documents/3902201/Colorado-Springs-Economic-Study-on-Allowing.pdf) as a result, but the medical cannabis clinics in Colorado Springs remain successful. ## Trends of Colorado Springs Colorado Springs has experienced a significant boom in the residential real estate market, [driving home values up as much as 63%](https://www.krdo.com/news/colorado-springs/new-study-shows-large-home-appreciation-in-colorado-springs/723430705) over the last five years. The median home price was \$295,000 as of early 2018, with experts saying demand for homes in the central neighborhoods of the city will only grow as the city’s economic power continues to improve. The city, long been second fiddle to Denver, is estimated to overtake the capital in metropolitan population by 2033. Thanks to nearly \$620 million in development investment throughout the city and a major upgrade to the U.S. Olympic Museum and Hall of Fame adjacent to the U.S. Olympic Committee headquarters southwest of the downtown area, Colorado Springs is slated to grow both its tourism industry and its residential and commercial real estate portfolio within the next few years. Market Stats Colorado Springs has 104 office spaces for rent, across 23 buildings, representing 183,370 SF available within Colorado Springs. We also have 5 Virtual Office spaces listed in Colorado Springs. In the past 60 days, Colorado Springs has had 20 new buildings listed on OfficeSpace.com, with 9 office spaces available across these buildings. Neighborhoods in Colorado Springs, CO [Briargate](https://www.officespace.com/co/colorado-springs/briargate)[Central Colorado Springs](https://www.officespace.com/co/colorado-springs/central-colorado-springs)[Northeast Colorado Springs](https://www.officespace.com/co/colorado-springs/northeast-colorado-springs)[Northgate](https://www.officespace.com/co/colorado-springs/northgate)[Northwest Colorado Springs](https://www.officespace.com/co/colorado-springs/northwest-colorado-springs)[Old Colorado City](https://www.officespace.com/co/colorado-springs/old-colorado-city)[Southwest Colorado Springs](https://www.officespace.com/co/colorado-springs/southwest-colorado-springs) Counties near Colorado Springs, CO [El Paso](https://www.officespace.com/co/el-paso-county) Top cities [Miami, FL](https://www.officespace.com/fl/miami)[New York, NY](https://www.officespace.com/ny/new-york)[Austin, TX](https://www.officespace.com/tx/austin)[Houston, TX](https://www.officespace.com/tx/houston)[Phoenix, AZ](https://www.officespace.com/az/phoenix)[Chicago, IL](https://www.officespace.com/il/chicago)[Atlanta, GA](https://www.officespace.com/ga/atlanta)[Los Angeles, CA](https://www.officespace.com/ca/los-angeles)[San Francisco, CA](https://www.officespace.com/ca/san-francisco)[Dallas, TX](https://www.officespace.com/tx/dallas)[Boston, MA](https://www.officespace.com/ma/boston)[Orlando, FL](https://www.officespace.com/fl/orlando)[Washington, DC](https://www.officespace.com/dc/washington)[Seattle, WA](https://www.officespace.com/wa/seattle)[Las Vegas, NV](https://www.officespace.com/nv/las-vegas)[Charlotte, NC](https://www.officespace.com/nc/charlotte)[Portland, OR](https://www.officespace.com/or/portland)[San Diego, CA](https://www.officespace.com/ca/san-diego) List with us[List for free](https://www.officespace.com/pages/add-listing)[Feature your listing](https://www.officespace.com/pages/featured-listings)[Manage your listings](https://www.officespace.com/manage/buildings) Solutions[Operators](https://www.officespace.com/pages/operator-solutions)[Landlords](https://www.officespace.com/pages/landlord-solutions)[Brokers](https://www.officespace.com/pages/broker-solutions)[Tenant reps](https://www.officespace.com/pages/solutions-lead-connect) Support[Help](https://officespaceinc.zendesk.com/)[Contact us](https://www.officespace.com/pages/contact)[FAQs](https://www.officespace.com/pages/faq)[Tenant education](https://www.officespace.com/pages/tenant-education-guide) Company[About us](https://www.officespace.com/pages/about)[Blog](https://www.officespace.com/blog)[Sitemap](https://www.officespace.com/sitemap)[Cookie preferences](https://www.officespace.com/co/colorado-springs) All Content © 2026 Officespace.com All Rights Reserved. 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## Colorado Springs Commercial and Office Space Overview Established as a permanent settlement in 1859, Colorado Springs is the second largest city in the state and has a long history of commerce, prosperity, and a can-do spirit that continues from its Old West roots. Covering nearly 200 square miles, the city is extensive and spacious, allowing for plenty of room for its 465,000 residents to spread out. Home to a major military presence, the city’s main lifeblood revolves around government programs, defense, tourism, and the high-tech sector. With a rock bottom median rate per square foot/year at \$18 and more than 500 available listings, the commercial real estate market in Colorado Springs is a remarkable opportunity for entrepreneurs looking for a hip, scenic city to lay down their roots. ## Economy of Colorado Springs Home to the U.S. Air Force Academy, three Air Force installations, and the US Army post Fort Carson, much of Colorado Springs’ economy revolves around the military and various defense contractors that have taken up residence in the nearby area. However, due to the natural features in the region and the presence of the United States Olympic Training Center, tourism is a major economic driver in Colorado Springs, bringing in 5 million visitors each year and [more than \$1.3 billion in revenue](http://www.deanrunyan.com/index.php?fuseaction=Main.TravelstatsDetail&page=Colorado). Several high-tech firms exist in the Colorado Springs area, including Verizon Business, HP, and Microchip Technology. While there have been notable reductions in the number of jobs in this sector over the last two decades, the industry remains a top 3 employer in the area and continues to attract top talent around the world to Colorado Springs. Strangely, Colorado Springs has effectively removed itself from Colorado’s high-profile recreational cannabis market, rejecting any and all recreational shops since legalization was passed in 2013. Experts say the city is missing out on [as much as \$25 million per year](https://assets.documentcloud.org/documents/3902201/Colorado-Springs-Economic-Study-on-Allowing.pdf) as a result, but the medical cannabis clinics in Colorado Springs remain successful. ## Trends of Colorado Springs Colorado Springs has experienced a significant boom in the residential real estate market, [driving home values up as much as 63%](https://www.krdo.com/news/colorado-springs/new-study-shows-large-home-appreciation-in-colorado-springs/723430705) over the last five years. The median home price was \$295,000 as of early 2018, with experts saying demand for homes in the central neighborhoods of the city will only grow as the city’s economic power continues to improve. The city, long been second fiddle to Denver, is estimated to overtake the capital in metropolitan population by 2033. Thanks to nearly \$620 million in development investment throughout the city and a major upgrade to the U.S. Olympic Museum and Hall of Fame adjacent to the U.S. Olympic Committee headquarters southwest of the downtown area, Colorado Springs is slated to grow both its tourism industry and its residential and commercial real estate portfolio within the next few years.