On average, listings lease in the $30's per square foot per year. The Speer submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $18 per sqft per year. That's a 36% decline in rent.
Compared to the rest of the Denver Metro market, the Speer region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 17 listings have been listed, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. 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 1,090 sqft. Most buildings in this region are around 4 stories. Most buildings in this area 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 area. Commute by taxi is the most popular way to get to work amongst Speer residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.