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On average, commerial real estate listings lease in the $100's per square foot per year. The Washington Park West submarket is experiencing a decline in rates. In the last 3 months, the median rate for lease fell $2 per sqft per year.
Compared to the rest of the Denver Metro commercial real estate market, the Washington Park West submarket has higher rates for rent, and you may have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 22 commercial real estate listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 5% of the available commercial real estate space in the Washington Park West are subleases, so you will probably have to consider a longer term lease. 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 size for office space in this area is around 260 sqft. Most buildings in this region are around 3 stories. Most buildings in this area were built close to 1946 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Most of the folk of Washington Park West work from home. Commuting approximately 20 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 Washington Park West.
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