On average, listings lease in the $30's per square foot per year. The Speer submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Denver Metro market, the Speer submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the office spaces in the Speer are subleases, so you might be able to snag a great spot on a short term. 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 1,960 sqft. Most properties in this area are approximately 4 floors. Most buildings in this market were built in 1950 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by taxi is the most popular way to get to work amongst Speer folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.