Westminster Retail

Westminster

Office Space Market Report

Number of Listings (last 90 days)
33
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
3,000
As of: July 23, 2017

Westminster Rates

The typical asking rate per listing is in the $20's per square foot per year. The Westminster submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 11% decrease in rent.

Compared to the rest of the Denver Metro market, the Westminster region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

Westminster Listing Supply

In the last 90 days, 33 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 55% of the office spaces in the 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region were built in 1998 and are Class B.

Westminster Community

Market Report

Trends and status of the commercial real estate market in Westminster.
Market Report

Market Data

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