What is the average commercial lease rate in Denver?
As of 2023, the average commercial lease rates in Denver vary by property type:
- Office Space: Class A & A+ office spaces average $38.65 per square foot, Class B at $29.45, and Class C at $23.32.
- Retail Space: The average lease rate is approximately $30.66 per square foot.
- Industrial Space: Specific average lease rates are not provided in the available sources.
As of the fourth quarter of 2024, the average direct asking rent for office space in Denver was $41.71 per square foot.
While specific data for 2025 is not yet available, the office market in Denver has shown resilience, with leasing activity remaining steady and a slight decline in vacancy rates.
For the most current and accurate information on commercial lease rates in Denver, it’s advisable to consult recent market reports or contact local commercial real estate professionals.
