How Much for 100K SF of Office Space in Denver?

Whether you are looking to lease space for your company or to purchase a building as an investment, central business districts are where the most desirable office assets lie. COMMERCIALCafé has put together a new study, looking at the 15 most popular CBDs in the country and creating two calculators through which you can:

  • compare the prices of similar-sized assets across these 15 CBDs;
  • find out which CBD is the right choice for you based on the amount you want to invest.

In Denver, a $25.4 million investment can get you 100,000 square feet of Class A office space. In comparison, the same amount of space would cost:

  • $79 million in Midtown Manhattan;
  • $60.6 million in Washington DC;
  • $44.6 million in Los Angeles;
  • and $26.7 million in Chicago.

Using Yardi Matrix data, we analyzed the median sale price of transactions over $5 million, completed between January 2017 and March 2019. Then, we broke down the price-per-square-foot for each CBD, for both Class A and Class B properties.

Read the full study and try out the calculators here:

Previous post

Weitz Completes 329-Unit Multi-Family High-Rise in Denver

Next post

Class A Office Building in Denver's CBD Street Sells for $127.2M

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *