West Westminster Office Space

West Westminster

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
3,000
As of: August 17, 2017

West Westminster Rates

The typical asking rate per listing is in the $20's per square foot per year. The West Westminster region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decline in rent.

Compared to the rest of the Denver Metro market, the West Westminster submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

West Westminster Listing Supply

In the last 90 days, 18 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the listings in the West 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 1999 and are Class A.

West Westminster Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Most of the residents of West Westminster work from home. Commuting between 30 and 45 minutes 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 West Westminster.
Market Report

Market Data

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