On average, listings lease in the $20's per square foot per year. The Broadway Estates submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the Denver Metro market, the Broadway Estates submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 5 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,460 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built in 1978 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst Broadway Estates occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.