Northeast Westminster Office Space

Northeast Westminster

Office Space Market Report

Number of Listings (last 90 days)
58
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,070
As of: August 17, 2017

Northeast Westminster Rates

On average, listings lease in the $30's per square foot per year. The Northeast Westminster region is seeing a a rise in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 36% increase in rent.

Compared to the rest of the Denver Metro market, the Northeast Westminster submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Northeast Westminster Listing Supply

In the last 90 days, 1 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 600% of the available space in the Northeast Westminster 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,070 sqft. Most buildings in this market are close to 3 floors. Most buildings in this region were built in 2001 and are Class B.

Northeast Westminster Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Northeast Westminster 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.

Market Report

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

Market Data

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