Office Space In Denver

Rent New Office Space In Denver:

Denver Colorado is a great place to live, raise a family, and start any career. Denver’s Central Business District is featuring average rates of $23.87 per square foot, and currently has about a 15% vacancy rate, and forecasters predict that improvements in rent and vacancies may be months away. Of course office space rates in Denver have gone down - just like the rest of the country. Several new projects will increase the inventory of available office space. Tabor Center Tower Two, the largest in Denver in almost 25 years, is scheduled to break ground in 2010, with a 2012 completion date planned. At 43 stories, the tower will add 830,000 square feet of office space to the market. Another 34 story, 730,000 square foot office tower isplanned for Tremont and fifteenth, calling for retail space on the ground floor, parking on seven floors, and offices on the remaining levels. Also scheduled for completion in 2012, and with a 2010 start date, this tower will replace a parking lot near the Denver Pavilions. Some of the other major markets somewhat close to Denver, CO that we offer commercial real estate listings (virtual office space, temporary units, and serviced buildings) in are Portland, Seattle, Phoenix, Las Vegas. We work with office spaces for rent (on a monthly basis, 6 or 12 months) in many local areas like: Aurora, Bloomfield, Commerce City, Lakewood, Longmont, Northglenn, Sunnyside, Westminister, and Wheatridge.

Denver Population, Economy, and Raw Data:

Denver’s population of approximately 599,000 represents a 7.9% increase since 2000 which has helped keep the cost up on office spaces in Denver even during this current recession. The cost of living (100.5) is slightly above the national average, while unemployment is around 6.9%. However, data from the Metro Denver Economic Development Corporation suggests that the economy is recovering at a faster rate than the national average which is a good sign for office space in Denver, as far as the local commercial real estate industry is concerned. Due in part to Denver’s highly educated workforce, two German renewable energy companies have announced they are beginning operations in the area. SMA Solar Technology owns more than one-third of the market for solar inverters, and has announced plans for a new manufacturing plant in Denver. SGB USA, a manufacturer of wind turbines, also plans to locate facilities in the area. Current unemployment is about 8.7%, and job growth is a negative 2.6%. Denver, as the capital of Colorado, has many residents employed in state government positions. Tourism is also a major source of jobs, with Denver being the main hub for skiers headed for nearby ski resorts (there are 11 within 100 miles of Denver). In addition, Denver abounds in parks, with 3 National Parks and more than 40 State Parks in the area. For more news and stats on Denver check out wikipedia.

Denver Commercial Developments and News:

Denver has spent copiously in the past on cultural developments, opening the new Museum of Contemporary Art in 2007. Located in downtown Denver, the 27,000 square foot museum cost approximately $16 million, and was the first museum in the U.S. to achieve LEED Gold certification. In 2005, the Ellie Caulkins Opera House opened at a cost of $92 million. It anchors the Denver Center for the Performing Arts, the country’s second largest such center and surpassed only by the Lincoln Center in New York. Downtown Denver is also home to the 16 th Street Mall, a sixteen block long stretch of restaurants and shops in the heart of downtown. Located near the Performing Arts Complex, City Lights Pavilion, Coors Field, and the Colorado Convention Center, the mall is designed for pedestrians, with no cars allowed. Free Wi-Fi is also available, and free shuttles offer additional convenience (near Lodo). Again all of these positive factors should help keep the rates on office space in Denver at a respectable number (this includes serviced units, and temporary or conference room arrangements). To read more about other developments going on across the country check out are office space articles. The crime rate for Denver is low, with only 365.9 violent crimes per 100,000 residents as per the Federal Bureau of Investigations’ statistics. This places the city as the fifth safest on the FBI’s list of the 25 largest metro areas