On average, listings lease in the $30's per square foot per year. The Inverness region is seeing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the Denver Metro market, the Inverness submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 13 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 177% of the office spaces in the Inverness 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.
Even though the median size is 3,080 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1990 and are Class A.
This market is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Inverness occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.