The typical asking rate per listing is in the $20's per square foot per year. The Downtown Colorado Springs submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decline in rent.
In the last 90 days, 505 listings have been listed, so you'll want to check back regularly for new listings. About 7% of the listings in the Downtown Colorado Springs 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,500 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1909 and are Class Class B.
This region is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Colorado Springs residents. Commuting under 5 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 Downtown Colorado Springs.
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