On average, listings lease in the $20's per square foot per year. The Broadway Estates submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $22 per sqft per year.
Compared to the rest of the Denver Metro market, the Broadway Estates region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 5 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 20% of the office spaces in the Broadway Estates are subleases, so you might be able to find a shorter term or below market rent. 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 920 sqft. Most properties in this area are approximately 2 floors. 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 region. 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.