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.
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.
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.