On average, listings lease in the $20's per square foot per year. The Progress Park region is experiencing a a rise in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 42% rise in rent.
Compared to the rest of the Denver Metro market, the Progress Park submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 12 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the listings in the Progress Park are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 840 sqft. Most properties in this area are around 3 floors. Most buildings in this region were built in 1973 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Most of the residents of Progress Park work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Progress Park.
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