West Westminster Sublease

West Westminster

Office Space Market Report

Number of Listings (last 90 days)
113
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
3,000
As of: August 17, 2017

West Westminster Rates

The typical asking rate per listing is in the $20's per square foot per year. The West Westminster submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decline in rent.

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

West Westminster Listing Supply

In the last 90 days, 18 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available leases in the West Westminster are subleases, so you might be able to snag a great spot on a short term. 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 region are around 2 floors. Most buildings in this market were built in 1999 and are Class A.

West Westminster Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Most of the occupants of West Westminster work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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