The typical asking rate per listing is in the $20'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 rose $4 per sqft per year. That's a 16% increase in rent.
Compared to the rest of the Denver Metro market, the Northeast Westminster region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 1 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 500% of the office spaces 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,100 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this market were built in 2001 and are Class B.
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 market. 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.