On average, listings lease in the $20's per square foot per year. The Academy Park region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Denver Metro market, the Academy Park submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 57 listings have been made available, so you'll want to check back regularly for new listings. About 33% of the listings in the Academy Park are subleases, so you might be able to find a shorter term or below market rent. 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 listings below 2,000 sqft. Most properties in this region are around 5 floors. Most buildings in this area were built in 1983 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Academy Park folk. Commuting close to 15 minutes 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 Academy Park.
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