Renting office space in Denver is expensive, there is no question about it, although recent statistics show that downtown rates tend to go down a bit.
Average leasing rates reached almost $26 per square foot, which is a record, while downtown rates fell to $33 ($1 down, year over year). However, specialists advise to not read too much into these numbers, because Denver’s office market will remain stable. Until now, there were mostly new buyers fixing up old office spaces, which pulled up the rates for leasing; but currently, there is a significant new office space under construction, which is expected to balance things up and keep rental growth in line with the inflation.
Owning your office space in Denver brings with it extra money to pay besides the purchasing costs. First, there is the move, which can be very costly and troublesome, especially if you have a lot of equipment that needs to be packed, transported, unpacked again, at the new destination, and set back up, in its operational state.
Other expensive things are related to maintenance and repairs. Office equipment is not infallible and you may experience unpleasant surprises and even downtime. Make sure that you have financial resources to cover all these aspects.Cost Of Denver Office Space