Office spaces available, cheaper than average rent – Denver, Colorado

Denver, Colorado 2022-05-05 09:26:34 –

Denver — The housing market has been difficult, but it’s a different story for those looking to expand their business in the Denver metro area.

The numbers represent opportunities for business owners looking for office space.

“It’s been on the rise since COVID,” said Crystalle Guss. Invesco Real Estate Agent.. “Many people are back at work.”

At the end of 2020According to the National Association of Real Estate Agents, the vacancy rate of office space in the Denver Metro area was close to 18%.The vacancy rate was about 14% At the end of 2021.. That means the space is full, but there’s still plenty of room for business owners.

Business owner Katrina Rogers said she is still comfortable looking for a place to expand her business, more than two years after the pandemic began. Easy to move..

“I really see people having the desire to go out and be around other people,” Rogers said.

Those looking for office space in and around Denver may also be surprised by the price.

“There is certainly a tendency for office space rents to be low because of the very high vacancy rates,” Gus said.

By the end of 2021, Denver’s office space was about $ 28.60 per square foot, $ 6 less than the national average. It’s a trend that makes Rogers feel hopeful.

“It’s really, really, really, vibrant,” Rogers said. “This gives us a real idea of ​​how much value we can add to our business.”

Office spaces available, cheaper than average rent Source link Office spaces available, cheaper than average rent

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