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DENVER has 3,052 commercial real estate spaces for lease, representing 25,910,852 sqft space.
695 buildings are available for sale.
In the past 30 days, DENVER has had 674 spaces leased and 913 new spaces come on market.
Denver Commercial and Office Space Overview
The largest city and the capital of Colorado, Denver is a major economic and tourism force in the western United States, offering an expanse of cultural and economic attractions throughout the region. The largest city in a 500-mile radius of its limits, Denver is poised for continued economic growth as new industries, technologies, and cultural endeavors continue to call the city home.
Denver’s strong labor market and bustling commercial activity makes this an attractive city for new businesses or companies looking to rent office space. In particular, the Denver metro area is still showing strong signs of new commercial development activity, from new office buildings to a developing boom in new retail centers.
Economy of Denver
Denver’s median household income in 2016 was $56,258, placing it much higher compared to the rest of the state and the nation as a whole. As the nation’s 19th largest metro economy, Denver’s economic growth over the last decade has been driven largely by an increase in manufacturing and technology sectors.
Denver residents work in such industries as healthcare, professional and business services, technical services, and scientific industries, but innovation and entrepreneurship is a major driving force in Denver, resulting in new technologies and support services for the state’s thriving recreational cannabis market.
Despite the misleading income levels for the city itself, many of Denver’s residents and workers live outside the city’s limits, enjoying growing neighborhoods and suburban areas like Cherry Creek, LoDo, [Capitol Hill])https://www.officespace.com/denver-co/capitol-hill), and Washington Park as more young couples and working professionals flock to Denver’s expanding economy.
Trends of Denver
As with many cities its size, Denver continues to provide growth in plenty of economic and cultural attractions despite rising housing prices and cost of living increases over the last several years. Construction projects for residential, commercial, and retail real estate can be found throughout the city’s downtown region and beyond, transforming the once sleepy mountain town into a modern and thriving urban environment.
In addition to the advances in technological infrastructure that has attracted economic investment and growth, the city’s proximity to near-limitless outdoor activities and a laid-back lifestyle have attracted significant growth in the city’s professional talent pool. Tourism, entertainment, and outdoor adventures are major economic and cultural driving factors in Denver, with new residents seeking a unique and exciting lifestyle without the expense of larger coastal cities.
Where to Rent Office Space in Denver
The Denver downtown area remains an economic powerhouse, offering exposure and visibility not found throughout the city’s developing neighborhood and suburban areas. But a variety of locations offer different opportunities depending on the nature of the business, providing plenty of space for manufacturing, engineering, and warehouse facilities. For those in business or professional services - including retail and other industries reliant on pedestrian foot traffic - exploring commercial and office real estate opportunities in the downtown area continue to provide the best economic opportunities.
That said, companies looking to expand their profile and attract some of the nation’s top talent should strongly consider renting office and commercial space within greater Denver, where available office and commercial real estate listings are averaging $32 per square foot/year.