On average, listings lease in the $40's per square foot per year. The Speer submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $16 per sqft per year. That's a 51% increase in rent.
Compared to the rest of the Denver Metro market, the Speer submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 3 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 67% of the available leases in the Speer 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.
The standard measurement for office space in this area is around 1,920 sqft. Most properties in this market are approximately 3 stories. Most buildings in this region were built in 1950 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by taxi is the most popular way to get to work amongst Speer occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.