Navigating Denver’s office market can be challenging for tenants. There are over 5,600 office buildings in Metro Denver, and public listing sites are often incomplete or outdated. Without expert guidance, finding the right space, negotiating the best lease terms, and avoiding pitfalls that can be costly will be a time-consuming job that takes you away from running your business. That’s why you should use Premises Commercial Real Estate as your tenant representative– we represent and work for you to save you time and money while securing the best possible space and lease terms.
Not sure where to start? You can either request a free custom office space report tailored to your needs or browse our listings to get a sense of what’s available.
Our team, led by Matt Smith (Principal and Founder) and Michelle Gertzman (Office Broker), has over 35 years of Denver office leasing experience. We know the local submarkets and have negotiated over 10 million square feet of office leases. Our value proposition is simple: we listen carefully to your needs, then leverage our market knowledge and expertise to find the right office and negotiate the best terms. We handle the heavy lifting – from identifying suitable properties to scheduling tours and managing negotiations – so you can focus on your business. As tenant representatives, we advocate for your best interests throughout the process. Our involvement brings experienced negotiation power and professional guidance, and our commission is traditionally paid by the landlord.
Whether you need a techy downtown loft or a professional space in the suburbs, we’re here to help. First, we listen. Then we’ll provide a researched list of options and guide you through every step of the process – ensuring you avoid unnecessary risks while receiving the most value. Let’s explore how our process works and take a tour of Denver’s key office submarkets below.
Leasing office space involves many steps – but you don’t have to tackle them alone. Premises Commercial Real Estate will work with you during the leasing process to make your office search and lease transaction smooth and successful. (For full details, download our free 12 Step Guide to Leasing Office Space.) Here’s a brief overview of how we work with you from start to finish:
We start by understanding your business requirements, growth plans, ideal location, size, layout, image, budget, and timeline. This ensures we target the right spaces from the outset.
Using our up-to-date market data and connections, we research all available office listings (including off-market opportunities) that meet your criteria. In Denver’s dynamic market, this step is crucial – We have expanded access to available office listings in your desired area(s) that are unavailable to the public, opening up options that you wouldn’t find on your own.
We schedule and guide you on tours of the most suitable spaces. As we investigate options, we’ll review pros/cons, space planning ideas, and gather your feedback to refine the search.
Once you’ve identified favorite properties, we request lease proposals (or Letters of Intent) from landlords covering all the critical issues for you. We’ll create a competitive environment by engaging multiple options, so you have competitive negotiating leverage.
This is where our expertise really pays off. We negotiate skillfully on your behalf, securing the best rent, tenant improvement allowances, free rent periods, and favorable lease terms. Our market knowledge of recent deal comps helps save you money and avoid unfair terms.
We coordinate space programing and test-fits to ensure the layout fits your team’s needs. We’ll help negotiate build-out (TI) details and work with architects/contractors as you plan your office setup (see Step 5: Space Planning in our guide for best practices).
We assist your legal counsel in reviewing the lease document, using our knowledge from completing over 1,000 leases to make sure you are protected from unnecessary risks and obligations before you sign.
Leading up to move-in, we’ll verify that the space is delivered as promised (completion of any build-out, repairs, cleaning, etc.). We help with final walk-throughs and punch list items so there are no surprises.
Even after lease execution, we stay by your side. We ensure your move-in goes smoothly and that the landlord fulfills any remaining obligations. Our goal is a seamless transition into your new office.
Our relationship doesn’t end after you move in. Throughout your lease term, we stay in touch to help you monitor key dates such as renewal, termination, or expansion options. We’ll also assist in reviewing lease issues like annual operating expense reconciliations and can support any future space planning or relocation needs. Our goal is to be your long-term real estate partner—not just for this lease, but for whatever comes next.
Throughout this process, our team is your advocate at every step. We pride ourselves on being highly responsive and meticulous. We don’t miss any details – whether it’s an important lease clause or a scheduling item for your relocation. In summary, having the right broker working on your behalf will help simplify and expedite the process while avoiding unnecessary expense and the Landlord traditionally pays our commission (For a full breakdown– from initial planning to post-move follow-up – be sure to download the complete guide.)
Denver’s metro area is diverse, with each office submarket offering something unique. Below we’ve summarized the key Denver office submarkets – including location highlights, major business hubs, and market conditions – to help you identify areas that might fit your needs. (You can also request a customized Free Office Space Report for any of these submarkets.)
Aurora is Denver’s largest suburban city (3rd most populous in Colorado) and lies immediately east of Denver proper, along the I-225 beltway and extending toward Denver International Airport. Historically a mix of residential neighborhoods and military facilities, Aurora today boasts a diverse economy with strengths in healthcare, aerospace/defense, and technology. Major employment centers include Buckley Space Force Base and the Anschutz Medical Campus (home to University of Colorado Hospital and a hub for biotech and medical research). Aurora’s ongoing redevelopment – transforming former airfields into new business parks and mixed-use centers – has fueled growth in its office sector.
Office tenants in Aurora often find more affordable rents and larger space options compared to downtown or the southeast. The office inventory is spread across multiple clusters (e.g. along I-225, Aurora City Center, and near Anschutz/Fitzsimons). Class A rents may range from mid-$20s to low $30s per SF full-service, while older buildings or flex spaces can be in the high teens to low $20s – offering budget-friendly alternatives for cost-conscious companies. Aurora’s appeal lies in its access to talent (a large workforce base), proximity to DIA for travel, and significant new developments that can accommodate growing firms.
Located in the southern metro, Centennial is a young city (est. 2001) that has become an attractive suburban office locale. It’s home to Centennial Airport, one of the nation’s busiest private airports, which serves many corporate jets and business travelers. Centennial offers a balance of affordable and executive housing, highly rated schools, parks, and retail – making it popular for companies who want to be close to where employees live.
The Centennial office market contains around 3.5 million SF across 80+ buildings, comprising both traditional offices and flex/R&D spaces. Vacancy is 19.6%, reflecting solid demand for this area. Businesses in Centennial enjoy lower lease rates than nearby Greenwood Village or DTC – with many offices averaging in the $25 psf range – while still benefiting from the amenity-rich southeast suburban region. Consider Centennial if you seek a cost-effective office near the Tech Center action but with a more neighborhood feel (and quick airport access for corporate travel).
Cherry Creek is Denver’s most upscale in-town submarket, located just 5 minutes southeast of Downtown. It’s famous for its luxury shopping district (the largest high-end retail between Chicago and San Francisco) and a roster of art galleries, trendy restaurants, and high-rise residences. For office tenants, Cherry Creek offers a prestigious address in a walkable neighborhood with abundant amenities. The submarket includes around 4 million SF of office space in 136 buildings, ranging from boutique brick buildings to newer Class A towers.
Vacancy in Cherry Creek is extremely low (6.7%), one of the tightest markets in Denver. Accordingly, office rents are the highest in the metro – many premium spaces top $60 psf. Companies pay a premium to locate here, but in return enjoy a prime location for impressing clients and recruiting talent. If your business values a prestigious, amenity-rich environment and can justify the cost, Cherry Creek is unmatched.
The Denver Tech Center (DTC) is the powerhouse suburban office market of Denver, roughly 15 miles south of downtown along the I-25 corridor south of I-225 to Orchard Road, and is the largest office hub outside the CBD at about 13.1 million SF of space. DTC is home to major corporate campuses and Fortune 500 employers – including Charter Communications, Western Union, Newmont Mining, and RE/MAX’s headquarters. This area features everything from sleek new towers to open office parks, plus convenient highway access, plenty of nearby housing, great restaurants, retail, and hotels.
DTC asking rents ranged from $40 to $50s psf for new top-tier Class A towers to mid/low-$20 psf for older, value-oriented buildings. Vacancy has been higher recently (around 24%), giving tenants more negotiating leverage. If you want big-firm amenities and quality space without going downtown, DTC is an excellent choice. The area is well-served by light rail and offers a professional campus-like environment popular with tech, telecom, and financial companies.
Downtown is the heartbeat of Denver’s business community and its largest office center. The CBD hosts approximately 29.9 million square feet of office space across 128 buildings, making it the metro area’s biggest submarket. Here you’ll find Denver’s tallest skyscrapers and a mix of companies including energy firms, law firms, financial services, and tech companies. Amenities abound – from the 16th Street Mall (with its free shuttle transit) to numerous restaurants, hotels, and sporting/cultural venues.
Despite recent higher vacancy (around 31% at amid post-pandemic adjustments), Downtown Denver appears poised for a rebound. More employees are returning to offices, the 16th Street Mall redevelopment is nearly complete, and the city has approved an investment of up to $570 million to improve downtown . This optimism is reflected in large lease renewals, like Ovintiv’s 262,000 SF renewal at Republic Plaza. Rental rates downtown vary by building class – trophy towers might ask high-$30s to $50 per square foot (full service) while older Class B/C buildings can be in the $20s to low $30s psf range. If you seek an energetic urban environment with walkability and transit access to employees from the entire Metro area, Downtown is ideal.
LoDo & RiNo: Adjacent to the traditional CBD, Lower Downtown (LoDo) and River North (RiNo) are vibrant extensions of Denver’s urban core. LoDo features historic brick warehouses converted to creative offices, plus proximity to Union Station, Coors Field, and a lively dining/bar scene. The LoDo submarket offers about 9.5 million SF across 174 buildings, with 18.9% vacancy– lower than downtown’s average, thanks to its popularity with tech and creative firms. RiNo, just north of LoDo, is Denver’s emerging art district turned office hotspot. Known for its industrial-chic vibe (art galleries, breweries, live music venues), RiNo now has modern office projects blending urban and campus style. It contains roughly 6.3 million SF (127 buildings) with 26.7% vacancy. Both LoDo and RiNo command premium rents (often higher than downtown high-rises in cost), but they offer unique work/play environments highly attractive to employees.
Located adjacent to the upscale Cherry Creek area, Glendale and the Colorado Boulevard submarkets provide lower cost options yet close to the Cherry Creek action. Glendale is a small city (only 0.6 square miles) surrounded by Denver, known for high-rise apartments and offices lining Colorado Blvd. It has a long history as one of Denver’s first suburbs and today features a dense mix of residential and commercial development.
Glendale’s office inventory includes about 5.5 million SF in 120 buildings, with a 16.2% vacancy rate. This area offers mid-rise office towers that come at a discount to Cherry Creek (just to the west). Moving south along Colorado Blvd toward I-25, the corridor provides a variety of office product from older garden-style offices to brand-new towers. It’s a value-conscious choice for tenants who want central location without paying Cherry Creek premiums. Average rents on Colorado Blvd are around $29 psf full-service, versus ~$38 psf in Cherry Creek. The Colorado Blvd corridor as a whole encompasses ~5.6 million SF (over 250 buildings) with about 14.7% vacancy. If you desire a central Denver location (easy access to downtown and I-25) and nearby amenities like restaurants and shopping, Glendale/Colorado Blvd is worth considering – offering convenience and relative affordability.
Located just west of DTC and I-25 corridor between Belleview Avenue and Arapahoe Road, Greenwood Village is one of Colorado’s most desirable business communities. This affluent suburb balances high-end office parks with a safe, upscale residential environment. Greenwood Village is home to major corporate facilities such as Charter Communications, CoBank, Fidelity Investments, Kaiser Permanente, and Starz Entertainment. Companies here enjoy easy access to I-25 and RTD light rail, plus proximity to executive housing, top-rated schools, and the dining options of DTC and Belleview Station.
The Greenwood Village office market offers around 9.9 million SF in about 142 office buildings. Vacancy is around 21.7%, providing companies plenty of options to find the right space. Lease rates tend to be a bit lower than DTC’s core (Belleview Station) – many Class A offices here lease in the high $20s to mid $30s per SF full-service, offering slightly more value for a prestigious area. Greenwood Village is ideal if you want the amenities of DTC but a more park-like, less congested setting.
Highlands Ranch is a master-planned community about 12 miles south of Denver – often ranked among the best places to live in the U.S. It transformed from ranch land into a large suburban hub with over 100,000 residents, close to retail with abundant parks/trails. For businesses, Highlands Ranch provides a family-friendly environment and modern offices near where many employees live. Notable corporate facilities in the area include Lockheed Martin, Visa, and Blue Origin (aerospace).
The Highlands Ranch office market is smaller, about 2.3 million SF (45 buildings) with 18.7% vacancy. It consists mostly of low- and mid-rise offices along C-470 and Lucent Blvd, often in campus settings. Rents tend to be higher than neighboring submarkets (in the $30 psf range) due to newer construction and limited inventory. Just west of Highlands Ranch lies the Ken Caryl/Southwest Denver submarket. This expansive area (including Ken Caryl Valley, Littleton, and Lakewood’s southwest edge) serves many local businesses and some corporate operations. Combined, Ken Caryl/SW Denver offers ~10.5 million SF across hundreds of buildings, but notably with a very low vacancy of around 9% – space here limited supply. Offices in this southwest region give companies a foothold in a stable, affluent suburban community with quick access to the foothills and mountains. If your workforce is centered in south or west Denver suburbs, Highlands Ranch/Ken Caryl offices can drastically shorten commute times while providing quality facilities.
Inverness is a large mixed-use business park in Denver’s southeast suburban corridor (straddling Arapahoe and Douglas Counties). Situated along the east side of I-25 between Dry Creek Road and E-470, Inverness offers a unique blend of office, flex, retail and residential spaces in one planned community. A beautiful 18-hole golf course winds through Inverness, giving many offices scenic views and a country-club ambience. Professionals enjoy an “urban feel” with lots of nearby restaurants, coffee shops, and parks – but with easier parking and access than downtown.
The Inverness office market contains approximately 8.6 million SF in 171 buildings, including both multi-tenant offices and owner-user campuses with vacancy around 18.5%. Companies like Travelers, Jeppesen, US Bank, and United Healthcare have a presence here, often drawn by flexible space options (from small suites to entire buildings) and campus like environment. Inverness can be a great option if you want Tech Center adjacency with potentially lower costs – rents here generally run in the $20s psf full-service, often with free surface parking. Plus, with the RTD light rail extending to nearby stations and adjacent to C-470 and I-25, commuting is convenient for employees across the metro.
Lone Tree is a thriving city at the southern end of the metro area (south of Centennial), known for its mixed-use planning and high quality of life. It’s home to Park Meadows Mall (Colorado’s largest shopping mall), and affluent residential communities. For offices, Lone Tree offers a mix of mid-rise buildings, corporate campuses (Charles Schwab’s and Kiewit’s regional HQs at RidgeGate), and medical office facilities near Sky Ridge Medical Center. The city spans both west of I-25 (up to the scenic Bluffs open space) and east of I-25 in the RidgeGate development area.
Despite its relatively small geographic size, Lone Tree has around 71 office buildings totaling 3.8 million SF. The office vacancy rate is among the lowest in Denver – roughly 12.6% in recent data – reflecting strong demand. Tenants like the convenient access to C-470/I-25, plentiful parking, and proximity to executive housing in Lone Tree and Castle Pines. Rental rates here are slightly higher: expect mid-$30s per SF for many Class A properties, which is reasonable given the newer construction, limited inventory and amenities. If a modern suburban campus environment with great retail and executive housing nearby appeals to you, Lone Tree is a top pick.
Meridian is a master-planned business park just south of the Denver Tech Center, at the junction of I-25 and C-470 in Douglas County. This picturesque campus-style park (including an 18-hole golf course) hosts large corporate offices like Dish Network, Lockheed Martin, Sierra Nevada Corp, and Kaiser Permanente. Meridian’s setting includes manicured landscaping, lakes, and walking trails, combining a pleasant environment with big-company infrastructure. The Meridian submarket contains about 3.5 million SF in roughly 38 office buildings. Vacancy at around 20% provides tenants with options to find deals and plenty of alternatives. Lease rates in Meridian are generally moderate (mid/high $20s/SF full-service for many buildings) – a good value for the quality of facilities offered.
Further east, the Parker area (including Castle Rock to the south) represents another growing office node. These suburban communities have seen rapid population growth (Parker up 7%, Castle Rock up 11% from 2020–2023) as people and businesses move south for more space and affordability. Parker/Castle Rock together offer around 2.2 million SF of office space across nearly 200 buildings, with a very low 5.7% vacancy. Most offices here are smaller multi-tenant buildings or business condos catering to local professional services, medical practices, and tech startups. Due to the newer construction, low inventory, and the advantage of being close to executives who reside in these fast-growing suburbs, rents tend to be higher in the low to mid $30s psf.
The “Northwest Corridor” covers the stretch from northwest Denver (around I-25/US-36 junction) through Broomfield and toward Boulder along US 36. This area has emerged as a high-tech and biotech hub, with notable developments like Interlocken Business Park in Broomfield and Westmoor Technology Park in Westminster. Major companies such as Oracle, Vail Resorts, Ball Corporation, and numerous tech startups have a presence here to tap into talent from both Denver and Boulder. The corridor offers a mix of sleek new campuses and older suburban offices, often at a discount to downtown Boulder’s rents.
In total, the Northwest Denver/Boulder Corridor encompasses roughly 7.5 million SF across 500+ office buildings, with about 13.6% vacancy. Tenants can find mid-range rents (generally $30–$35 psf full-service for Class A in Interlocken, and in the $25 psf range for Class B) and enjoy superior highway access via US-36 and I-25. If your business is tech-oriented or draws employees from both Denver and Boulder, this submarket offers a strategic middle-ground location. Plus, the mountain views and proximity to outdoor recreation (like cycling trails and Flatirons hikes) are a nice bonus for employee satisfaction.
Panorama Park is a well-planned mixed-use park with 4 million sf of office space between Dry Creek Road and County Line Road on the west side of I-25 and approximately 21.6% vacancy. Rental rates range from the low $20s to low $30s psf. It is home to many prestigious companies including Arrow Electronics, Comcast, Common Spirit Health, United Launch Alliance, and RingCentral. The park is well designed mixing residential and retail amongst the office environment.
West of downtown, spanning Lakewood, Golden, Wheat Ridge, and surrounding areas, is the West Denver office market. It’s a broad region between I-70 and US 6, extending from the city’s western edge out to foothill communities like Genesee and Evergreen. Key office nodes here include the Denver West Office Park near Golden, the Union Boulevard corridor by the Federal Center in Lakewood, and offices in the city of Golden (home to Colorado School of Mines and a number of engineering firms). This area provides a mix of older, affordable offices and select new developments, often chosen by companies that serve West Denver or mountain communities.
Within this region, Wheat Ridge is a smaller submarket of note. Adjacent to I-70 on Denver’s west side, Wheat Ridge is a community offering more affordable alternatives to the trendy Highlands area nearby. It has about 1.8 million SF of office space (136 buildings) and a low 9.6% vacancy – indicating steady demand for its budget-friendly spaces. Farther west, the broader West Denver market (including Lakewood/Golden) comprises around 15.4 million SF in 662 buildings, with 10.7% vacancy. Rents in West Denver are typically on the lower end reflecting the older stock (many in the high teens to mid-$20s per SF full-service), making it one of the more cost-effective submarkets. For companies serving government (proximity to the National Renewable Energy Lab and Federal Center) or those that simply prefer the west side of town, West Denver offers solid options – plus easy access for employees who live in the foothills or prefer a reverse commute away from central traffic.
(Note: Interested in a specific area not listed above? We serve all Denver submarkets – including smaller niche pockets. Contact us for a personalized market survey.)
Nothing speaks louder than the experiences of our clients. After helping hundreds of businesses find their ideal Denver office space, we’re proud of the feedback we’ve received
If repeat business is any indication of performance and service, then you know Matt Smith has done a great job for Wood Partners as our Tenant Rep Office Leasing Broker. We have used Matt 5 consecutive times since 2013 to help us find and lease our office space. His knowledge of the market and negotiating skills have consistently saved us time and money. I highly recommend using Matt Smith as your next Office Leasing Broker.
“If you need some help with your commercial space and are looking for a good Tenant Rep, look no further than Matt. He is attentive, listens to your needs and does his best to help you get them. Highly recommend getting in contact with Matt if you are considering moving office!”
“I was fortunate to find Matt Smith and use him for my recent commercial real estate needs. Matt’s professionalism, his thoroughness was more than I expected. His experience, responsiveness gave me peace in knowing I was working with one of the best in the business. My attorney experienced in his own right commented to me how impressed he was with Matts care and guidance. Matt Smith is a credit to everyone in his profession. I will use no one else in the future. Grateful our paths have crossed.”
I engaged Matt to represent us in our search for office space in Denver. I admit that we were not the easiest client. We didn’t have a good sense of what we wanted, which made Matt’s job immeasurably more challenging. But, to his credit, he took it all in stride. He is very patient and helped guide us through the entire process, from booking tours of available office spaces to negotiating the terms and getting the final lease executed. I am very impressed with Matt. He definitely exceeded my expectations. He is professional and exceedingly knowledgeable. Even though he is very busy, he always made time to speak with me to answer my many questions and listen to my concerns. I highly recommend him to anyone who wants an amazing leasing broker who will serve as your advocate and help get the available Denver office space of your dreams!
I worked with Matt in office space negotiation for a lease extension for professional Denver office space in the Denver Metro area. Overall, I’d highly recommend Matt as your if you’re looking to lease office or commercial space. Matt is easy to communicate with, handles all the details of my transaction professionally and knows his stuff. Matt is able to negotiate a very favorable deal and will make sure all of the details were addressed.
As a tenant representative, you are peerless! There were several times when I thought that our small office space requirements would not be worth all of the time and effort you invested. Despite some curve balls thrown your way, you made it happen for us. My staff is very excited about our new offices, and I wanted you to know how much I appreciate your professionalism and your advice on the local market. When given the opportunity, I will recommend you and your team at Premises Commercial Real Estate.
Matt Smith helped our company find the perfect new office space for our needs. The new office space is great, and we are very happy with the terms of the lease. Matt listened carefully to us, and showed us several office spaces that met our requirements. He was invaluable in helping us to understand what we needed. His analysis of the competing offers was very detailed. I highly recommend Matt Smith for any business considering a new space.
Matt recently represented us in a search for a branch location. He is extremely professional and works with a sense of urgency. He provides relevant office space market research and insight to the critical elements of the lease negotiation and is a key contributor to the final agreement. We also leveraged Matt’s contacts in areas beyond the lease including contractors and furniture sources. Matt brings value to the transaction.
I met Matt three years ago at a time when our company needed to relocate quickly. Matt quickly found a sublease space and helped us with office space lease negotiation. Matt stepped in again when the sublease was nearing its termination. We had very specific needs and Matt found several options for us to consider. Matt assisted our legal team in negotiating a very competitive, fair rate for the DTC area.
I would definitely recommend speaking with Matt if you are looking for Denver office space. Matt will work with you and will focus on specific office requirements.
Matt has done a very professional job placing me and my teams in great offices with the right location and amenities at the right price. Matt knows how to quickly focus on spaces that match tenants’ specific requirements to minimize the time spent on selection process. Matt has a tremendous ability to help negotiate office space lease terms and pricing. His knowledge of the Denver metro office buildings is outstanding. Matt will deal with market driven issues for Denver office space on our behalf.
I first met Matt 5 years ago when he represented the Landlord for an office building in Highlands Ranch. Matt is professional and makes the leasing process easy and smooth while treating us fairly. Our lease was expiring and I called to see if he could help us renew office space lease or find a better alternative office space. We want to stay in the Highlands Ranch area, but rates did rise quite a bit and our existing Landlord is not very aggressive. We were excited to have Matt work as our tenant representor. Based on our requirements, Matt shows us several good alternatives and obtains competitive proposals. With Matts expertise, he finds us a great alternative office space based on tenant requirements. Matt negotiates the lease and economic terms and is sure to protect you in other areas of the Lease. Ultimately, we saved over $10 psf annually versus renewing. Overall, I would highly recommend using Matt as your office tenant rep who will provide options to negotiate leases for Denver office space and save you time and money during the leasing process.
Matt’s extensive knowledge and experience was invaluable in helping us find a fantastic office space. He was professional, communicative, patient, and always available. He assisted with every aspect of the office space leasing process. I would highly recommend him as a Denver tenant rep. Thanks Matt so much for your help!
My lawfirm has relied on Matt since 1997 to locate and negotiate office space. He is timely, professional and thorough. He’s a guy who contacts you proactively before a lease expires to determine whether a move or renewal is upcoming, before its too late to locate and negotiate office space effectively with a renewal landlord. He follows up regularly during the entire process without being overbearing in the least and he knows his stuff; the market, the opportunities, and what should or should not be in a balanced lease. We wouldn’t consider anyone else for what Matt does for White Bear Ankele Tanaka and Waldron PC.
Matt helped guide us through the complicated process of finding the right office space being our sublease office broker. Even though our business needs were changing and redefined, Matt continued listening and finding spaces that could work for us patiently. Once we were able to identify our needs clearly, Matt found us a terrific below-market well-located sublease, saving us time and money along the way. Plus, he orchestrated the more difficult 3-way sublease documentation process between the Landlord and Sublessor.
We will use Matt again, and I highly recommend him for your tenant rep office broker.
I am writing this letter of recognition for Matt Smith because he is a responsive and experienced broker. His professional, enthusiastic, efficient service he provided me over two separate transactions was great in 2015. He has always conducted himself with the utmost integrity and being there throughout the process to explain in detail any question I may have. I look forward to working with him again in the future. It is a pleasure working with Matt, whose personal ability and attention to detail put everyone at ease. Matt was always available to quickly respond to questions, whether in person, via phone, or e-mail, not only from me but from my staff. I highly recommend Matt as your broker for Denver office space leasing.
A: The average asking rent for office space in the Denver metro area is around $35 per square foot per year (full-service). This is an overall average—actual rents vary widely by location and building class. For instance, Class A LoDo about $50 psf, whereas Class B space in southeast suburbs averages closer to $25 psf. In sought-after submarkets like LoDo or Cherry Creek, new construction can command $60+ psf. Our team keeps close track of rent trends in each submarket and can provide you with a free Office Space Market Report with the latest rates for the areas you’re considering. (Tip: When budgeting, remember quoted rents may be full-service (including utilities/janitorial) or triple-net (must add operating expenses to get to determine full-service) – we’ll help you compare apples-to-apples.)
A: While it’s possible to find and lease office space on your own, using a tenant rep broker is highly recommended – and the Landlord traditionally pays the commission. A professional tenant representative will save you time, money, and headaches throughout the process. Consider that there are thousands of buildings and landlords in Denver, and many do not openly advertise availabilities. Our brokers have access to complete and up-to-date listings (beyond what you’ll see on public websites, which are often incomplete). Plus, we check availability by directly contacting our database of over 400 office brokers. We know the market conditions and going lease deals, so we can negotiate aggressively on your behalf to get better terms than a DIY approach might yield. Importantly, the landlord’s broker works for the landlord – if you go it alone, you’re essentially unrepresented in a major financial transaction. A tenant rep broker levels the playing field with an expert working exclusively for you. They handle property tours, detailed RFPs, proposals/counter proposals, and deal with landlord agents, shielding you from pitfalls and pushy sales tactics. And as noted, the landlord typically pays the broker’s fee. In short, you are not required to use a broker, but savvy tenants nearly always use one – it’s a smart business decision that often results in a better space on better terms.
A: A listing agent’s job is to fill vacancies for landlords, which means their loyalty and fiduciary duty lie with the building owner, not you. In contrast, a tenant rep broker is 100% on your side – our fiduciary duty is to you, the tenant. Here are some key benefits of using a tenant rep: (1) Market Expertise: We provide in-depth knowledge of rent comps, availability, and emerging opportunities across all submarkets, not just one building. This means you won’t miss out on a great space because you weren’t aware of it. (2) Time and Effort Savings: We do the legwork – researching options, setting tour schedules, and managing the process – which saves your team countless hours. (3) Better Negotiations: An experienced tenant rep knows the tricks of the trade and common lease pitfalls. We negotiate dozens of leases every year and use that experience to secure more favorable terms (e.g. lower rent, higher improvement allowances, free rent periods, protection against unforeseen expenses) than most tenants could on their own. (4) Protection and Advocacy: We ensure the lease contract protects your interests – for example, renewal rights, rights to expand, and proper expense protections. If any issues arise, we act as your advocate. (5) Landlord Traditionally Pays the Commission: As mentioned, traditionally the landlord pays the tenant rep’s commission, so there’s no reason not to have an expert in your corner. In summary, having the right tenant rep broker working on your behalf will help simplify and expedite the process by having a dedicated real estate advisor and negotiator on your team. It levels the playing field, often delivering a better outcome (and experience) than you’d achieve otherwise.
Our Staff are office space leasing experts and are available to help you with your Denver office space needs. Whether you need a broker to help you find and lease office space or an experienced leasing broker to lease your building, Premises Commercial Real Estate is the right choice.
