The typical asking rate per listing is in the $10's per square foot per year. The Progress Park region is experiencing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 28% decline in rent.
Compared to the rest of the Denver Metro market, the Progress Park submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 0 listings have been posted online, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About Inf% of the listings in the Progress Park 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,460 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 3 stories. Most buildings in this market were built in 1973 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Most of the occupants of Progress Park work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.