Westminster Office Space

Westminster

Office Space Market Report

Number of Listings (last 90 days)
45
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
2,160
As of: December 3, 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 rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% increase in rent.

Compared to the rest of the Denver Metro market, the Westminster submarket 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 listed, so you'll want to check back regularly for new listings. About 5% of the available leases in the Westminster are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,160 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this area were built in 1998 and are Class B.

Westminster Community

Market Report

Trends and status of the commercial real estate market in Westminster.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Westminster.
Research