On average, listings lease in the $20's per square foot per year. The Westminster submarket is going through a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Denver Metro market, the Westminster submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 302 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the office spaces in the Westminster are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,100 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 1998 and are Class B.
Real time and historical data on commercial real estate listings in Westminster.
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