The typical asking rate per listing is in the $40's per square foot per year. The Baker submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 16% decline in rent.
Compared to the rest of the Denver Metro market, the Baker submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 33 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 24% of the listings in the Baker are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 24,110 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1959 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Baker residents. Commuting around an hour 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 Baker.
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