Westminster Industrial

Westminster

Office Space Market Report

Number of Listings (last 90 days)
42
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
2,200
As of: September 26, 2016

Westminster Rates

The typical asking rate per listing is in the $20's per square foot per year. The Westminster submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% rise in rent.

Compared to the rest of the Denver Metro market, the Westminster region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Westminster Listing Supply

In the last 90 days, 42 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available leases 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,200 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region were built in 1998 and are Class A.

Westminster Community