Englewood, Colorado, presents a dynamic and growing market for businesses seeking commercial property for lease. Located just south of Denver, Englewood offers a strategic location with access to major highways, a diverse economic base, and a community-oriented atmosphere. Whether you are a startup looking for your first office space or an established company seeking to expand, understanding the commercial leasing landscape in Englewood is essential for making informed decisions.
Overview of Englewood’s Commercial Real Estate Market
Englewood’s commercial real estate market has experienced steady growth over recent years, driven by the city’s strategic location and economic diversification. According to recent data from the Denver Metro Association of Realtors, the vacancy rate for commercial properties in Englewood hovers around 7%, which is slightly below the regional average. This indicates a healthy demand for commercial spaces, reflecting the city’s appeal to various industries including healthcare, retail, professional services, and technology.
The average lease rate for commercial properties in Englewood ranges between $18 and $28 per square foot annually, depending on the type of property and location. Office spaces closer to the downtown area and transit hubs tend to command higher rates, while industrial and warehouse spaces on the city’s outskirts offer more affordable options. This range provides flexibility for businesses of different sizes and budgets.
Key Economic Drivers Supporting Commercial Growth
Englewood’s economy is bolstered by several key sectors that contribute to the demand for commercial leases. The healthcare industry is a major employer, with Swedish Medical Center and other healthcare providers anchoring the local economy. Additionally, the city’s retail corridors, such as Broadway and Englewood Parkway, attract both local shoppers and visitors, supporting a variety of retail leasing opportunities.
Technology and professional services firms are also expanding in Englewood, drawn by the city’s proximity to Denver and access to a skilled workforce. This diversification helps stabilize the commercial real estate market, reducing the risk of overdependence on any single industry.
Types of Commercial Properties Available for Lease
When searching for commercial property for lease in Englewood, it is important to understand the variety of property types available and how they align with your business needs.
Office Spaces
Office properties in Englewood range from modern, Class A buildings with state-of-the-art amenities to more affordable Class B and C spaces suitable for startups and small businesses. Many office buildings offer flexible floor plans, coworking spaces, and easy access to public transportation, which can be crucial for attracting and retaining talent.
Popular office locations include the Englewood Civic Center area and properties near the Belleview light rail station, which provide excellent connectivity to Denver and surrounding suburbs.
Retail Spaces
Retail leasing opportunities in Englewood are abundant along major commercial corridors. Spaces vary from small storefronts ideal for boutique shops to larger spaces suitable for restaurants, fitness centers, or specialty retailers. The city’s efforts to revitalize areas such as the Englewood City Center have enhanced the appeal of retail properties, offering vibrant environments with pedestrian-friendly streetscapes.
Industrial and Warehouse Facilities
For businesses requiring storage, distribution, or light manufacturing space, Englewood offers industrial properties with competitive lease rates. These properties are typically located near major transportation routes such as Interstate 25 and Santa Fe Drive, facilitating efficient logistics and supply chain operations.
Factors to Consider When Leasing Commercial Property in Englewood
Leasing commercial property is a significant commitment, and several factors should be carefully evaluated to ensure the space meets your business requirements and supports long-term growth.
Location and Accessibility
Englewood’s accessibility is one of its strongest assets. Proximity to Interstate 25, U.S. Highway 285, and the Regional Transportation District (RTD) light rail system makes commuting convenient for employees and clients alike. When selecting a property, consider the ease of access for your target customers and workforce, as well as parking availability and public transit options.
Lease Terms and Flexibility
Commercial leases can vary widely in terms of length, renewal options, and included expenses. Typical leases in Englewood range from three to ten years, but shorter terms or month-to-month options may be available in certain properties. It is important to review the lease agreement carefully, paying attention to clauses related to rent escalations, maintenance responsibilities, and any restrictions on property use.
Building Amenities and Condition
The condition of the property and the amenities offered can impact your operational efficiency and employee satisfaction. Features such as high-speed internet connectivity, on-site security, conference facilities, and energy-efficient systems add value. Additionally, consider the building’s compliance with local regulations and accessibility standards.
Cost Considerations Beyond Rent
While rent is a primary expense, other costs such as utilities, property taxes, insurance, and common area maintenance fees should be factored into your budget. Englewood’s commercial properties often operate on a triple net (NNN) lease basis, where tenants are responsible for these additional expenses. Understanding the full cost picture will help avoid surprises and ensure financial sustainability.
Benefits of Leasing Commercial Property in Englewood
Choosing Englewood for your commercial lease offers several strategic advantages that can support business growth and success.
Strategic Location Within the Denver Metro Area
Englewood’s location provides businesses with access to a large metropolitan market while benefiting from a more affordable and community-focused environment compared to Denver’s core. This balance allows companies to attract customers and employees who appreciate proximity without the congestion and higher costs of downtown Denver.
Supportive Business Environment
The city of Englewood actively supports local businesses through economic development programs, streamlined permitting processes, and community partnerships. This proactive approach fosters a business-friendly atmosphere that can facilitate smoother operations and growth opportunities.
Quality of Life and Workforce Availability
Englewood offers a high quality of life with parks, cultural amenities, and a variety of housing options. This makes it easier for businesses to recruit and retain talented employees. Additionally, the presence of educational institutions and training centers in the region helps ensure a steady pipeline of qualified professionals.
How to Find the Right Commercial Property for Lease in Englewood
Finding the ideal commercial space requires a strategic approach and access to reliable market information.
Engage with Local Commercial Real Estate Professionals
Working with experienced commercial real estate brokers who specialize in the Englewood market can provide valuable insights and access to listings not always publicly available. These professionals can help negotiate lease terms, conduct market analyses, and identify properties that align with your business goals.
Utilize Online Listings and Market Resources
Several online platforms provide up-to-date commercial property listings in Englewood. Websites such as LoopNet, CREXi, and local real estate agencies offer searchable databases with detailed property information, photos, and contact details. Combining online research with professional guidance can streamline the search process.
Conduct Site Visits and Due Diligence
Visiting potential properties in person is crucial to assess the suitability of the space, the condition of the building, and the surrounding neighborhood. Additionally, conducting due diligence on zoning regulations, property history, and future development plans in the area can help avoid unforeseen challenges.
Conclusion
Leasing commercial property in Englewood, CO, presents an excellent opportunity for businesses seeking a strategic location with a supportive economic environment. By understanding the local market dynamics, evaluating property types and lease terms carefully, and leveraging professional resources, businesses can secure spaces that enhance their operations and growth potential. Englewood’s blend of accessibility, economic diversity, and community appeal makes it a compelling choice for commercial tenants in the Denver metropolitan area.
If you’re ready to take the next step in securing the perfect commercial property for lease in Englewood, CO, look no further than Benchmark Commercial. As Denver’s premier firm for tenant and buyer representation, we are dedicated to finding the space that allows your business to flourish. We understand that real estate is a significant investment, and we’re here to ensure that your choice in property aligns with your company’s growth and budgetary needs. With our deep-rooted commitment to the Denver community and our personalized approach to your success, Benchmark Commercial stands ready to advocate for you. Learn More about how we can assist you in navigating the Englewood commercial real estate market and secure terms that protect your bottom line.
