Denver Office Space: Rentals and Property to Buy

12/23/2013

Do You Need to Find a Denver Office Space Rental?

The market is tightening up, but finding a Denver office space to lease is not impossible.

Everyone wants a screaming deal in Denver.  That brick and timber LoDo style building priced way below market, in great condition with plenty of natural light, and a pool table to boot.  Or maybe you want the space right down the street from your house, built out and ready to go with western views and a landlord willing to offer short term leases.  Regardless of your ideal situation, Oil & Gas and technology companies are snatching up much of the Denver office space rental options in the central area, but there is certainly plenty of space left.  

Denver office space rentals have an interesting dynamic.  There is a mix of traditional office buildings, converted warehouses, creative spaces with exposed brick and open ceilings, convenient suburban destinations, and repurposed historic buildings with plenty of character.  The Denver marketplace has proven this city puts a value on reinvigorating the infrastructure in place rather than sprawling further.  

Here is a list of the neighborhoods with Denver office space to lease and their trajectory moving forward. For a futher breakdown of Denver's neighorhoods, here is the city's guide.

  • River North Arts District/ RiNo- when one hears the phrase “up and coming” around Denver, they can be rest assured that RiNo is probably the topic of conversation.  RiNo is full of buildings perfect for Crossfit gyms, yoga studios, hipster caffeination destinations, and tech startups.  

  • Downtown Denver- with the continued development of Union Station, demand has naturally gravitated in that direction.  Not to say that there is no one to fill the northeastern side, but if pricing and vacancy is any indication, Downtown’s epicenter is inching further away from the classic cash register building every day.  

  • Cap/ Hill, Uptown, and Midtown- when one gets frustrated unsuccessfully looking for Denver office space rentals in Lodo for a great price, many venture to the likes of Cap Hill and Uptown.  There are many buildings here that satisfy the need to break free of the corporate mold, without putting the same hurting on your bank account that Lodo will.  

  • Lower Downtown/ LoDo- enough has already been said about Lodo.  Once considered a risky location, LoDo is now much safer, extremely convenient, and packed full of restaurants and watering holes.  Always a safe bet if you’re struggling to nail down a central location.  

  • Highlands- often we get requests for office space rentals in the Highlands.  While we wish we could fill that need, unfortunately the office market in the Highlands is practically non-existent.  There may be a building here or there, but there is certainly not enough space to go around.  Developers out there listening…?

  • Cherry Creek and Glendale- certainly a classy area with a diverse mix of buildings.  The advantage lies in Cherry Creek if you have a mix of employees coming from the Southeast side of Denver and others coming from the Northwestern corridor.  Rents are reasonable and there is still a friendly neighborhood atmosphere with all the amenities you could need.  

Outside of these central areas, one cannot forget to mention Denver office space to rent in the:

  • Western market (Golden, Lakewood, …)

  • Southeast market (Centennial, Denver Tech Center, Greenwood Village, …)

  • Eastern market and Aurora

  • Northwest corridor (Boulder, Broomfield, Westminster, …)  

  • Southwest market (Littleton, Ken Caryl, Highlands Ranch, …)

Expect posts to follow in the coming days and weeks detailing each of these areas.  

If you are currently looking in Denver for office spaces to rent and wish to avoid confusion when comparing triple net, modified gross, and full service gross leases side by side, Brokrr has several handy office space calculator tools so you can see estimations for base rent, operating expenses, taxes, janitorial, utilities, move cost, buildout cost, furniture, and more added into one simple total cost figure.  This figure pulls from area averages and specific building information so whichever neighborhood you are looking for Denver office space rentals in, you won’t get blindsided by hidden costs after seeing an extremely low triple net rent figure.  

Denver office space lease calculator

Expenses and tax amounts will vary from one area to another.  Building class will also have a large determination.  You can anticipate expenses in class C Denver office spaces to be as low as half as much as the expenses in class A Denver office spaces.  On an annual per square foot basis, class A averages for submarkets or neighborhoods in Denver go from $8-14.  Similarly, class C averages range from $4.60-$10.  

You can also expect more information in the coming days regarding finding Denver retail spaces, flex spaces, industrial spaces, and more.  If you need any immediate information, you can sign up for free here for further detail.  If you have any questions about Denver office space rental properties, the leasing process, or commercial real estate in general, we are happy to answer via info@brokrr.com