Englewood, Colorado, has emerged as a dynamic hub for businesses seeking prime commercial real estate. Its strategic location, thriving economy, and supportive community make it an attractive destination for entrepreneurs and established companies alike. For those looking to rent business real estate in Englewood, understanding the market landscape, available property types, and key considerations can help secure the ideal space for growth and success.
The Englewood Commercial Real Estate Market Overview
Englewood is situated just south of Denver, offering easy access to the Denver metropolitan area while maintaining its unique community vibe. The city’s commercial real estate market has shown steady growth, driven by a diverse economy that includes healthcare, retail, technology, and manufacturing sectors.
According to recent data from the Denver Metro Association of Realtors, the vacancy rate for commercial spaces in Englewood hovers around 8%, which is relatively healthy compared to neighboring cities. This balance indicates a competitive market where quality properties are in demand but still available for businesses ready to move quickly.
Rental rates vary depending on location, property type, and amenities. As of early 2024, average monthly rents for office spaces range from $18 to $28 per square foot, while retail spaces command between $20 and $35 per square foot. Industrial and warehouse properties tend to be more affordable, often between $10 and $18 per square foot, reflecting their different use cases and demand.
One notable aspect of the Englewood commercial real estate landscape is the ongoing development of mixed-use properties that blend residential and commercial spaces. These developments are increasingly popular as they cater to the growing demand for live-work-play environments, appealing to younger professionals and families alike. With the city’s commitment to enhancing public infrastructure, including parks and transportation options, these mixed-use projects are expected to attract more businesses and residents, further stimulating the local economy.
Additionally, the Englewood area is experiencing a surge in technology startups and co-working spaces, which are reshaping the traditional office landscape. The rise of remote work has led many companies to seek flexible office solutions, and Englewood’s commercial real estate market is adapting to this trend. The influx of tech firms not only boosts the demand for office space but also contributes to a vibrant entrepreneurial ecosystem, fostering innovation and collaboration among local businesses.
Types of Business Real Estate Available for Rent
Office Spaces
Englewood offers a variety of office spaces, from modern high-rise buildings to smaller, boutique-style offices. These spaces cater to startups, professional services, and corporate branches. Many office buildings in Englewood provide amenities such as conference rooms, on-site parking, and proximity to public transportation, which can be critical for employee convenience and client visits.
For example, the Englewood City Center is a popular location featuring Class A office spaces with contemporary designs and flexible floor plans. These spaces are ideal for companies looking to establish a strong professional presence in the region.
Retail Spaces
Retail real estate in Englewood is concentrated along major thoroughfares like South Broadway and Belleview Avenue. These areas attract high foot traffic and visibility, making them prime spots for shops, restaurants, and service-oriented businesses. Retail spaces vary from small storefronts to larger commercial units suitable for bigger operations.
The demand for retail spaces has been bolstered by Englewood’s growing population and the city’s efforts to revitalize its commercial corridors. Businesses benefit from a community that supports local commerce, as well as proximity to residential neighborhoods and entertainment venues.
Industrial and Warehouse Properties
For businesses requiring storage, manufacturing, or distribution facilities, Englewood offers a range of industrial real estate options. These properties are typically located in industrial parks or near major highways, providing easy logistics and transportation access.
Many industrial spaces in Englewood come with features such as loading docks, high ceilings, and ample parking for trucks. This makes them suitable for companies in sectors like construction, wholesale trade, and e-commerce fulfillment.
Key Considerations When Renting Business Real Estate in Englewood
Location and Accessibility
Choosing the right location is paramount. Englewood’s proximity to Denver International Airport, major highways like I-25, and public transit options such as the RTD light rail system provides excellent connectivity. Businesses should evaluate how accessible the property is for employees, clients, and suppliers to optimize daily operations.
Lease Terms and Flexibility
Understanding lease agreements is crucial. Commercial leases in Englewood often range from three to ten years, but shorter or more flexible terms may be negotiable, especially for startups or businesses uncertain about long-term space needs. It’s important to clarify responsibilities for maintenance, utilities, and any potential rent escalations to avoid surprises.
Space Layout and Amenities
The physical characteristics of the space should align with business operations. For example, tech companies may prioritize open floor plans and high-speed internet infrastructure, while retail businesses need prominent storefronts and display windows. Amenities such as parking, security systems, and on-site management can also enhance the value of a rental property.
Cost and Budgeting
Beyond base rent, businesses must consider additional costs such as property taxes, insurance, utilities, and common area maintenance fees. These expenses can significantly impact the total occupancy cost. Conducting a thorough cost analysis helps ensure the chosen property fits within the company’s financial plan.
Benefits of Renting Business Real Estate in Englewood
Renting commercial real estate in Englewood offers several advantages that support business growth and operational efficiency.
Access to a Growing Market
Englewood’s population has been steadily increasing, with the U.S. Census Bureau reporting a growth rate of approximately 4% over the past five years. This expanding market provides a larger customer base for retail and service businesses, as well as a growing talent pool for employers.
Supportive Business Environment
The city actively promotes economic development through incentives, networking opportunities, and business resources. Local government agencies and chambers of commerce offer guidance that can be invaluable for new and existing businesses navigating the commercial real estate landscape.
Quality of Life and Workforce Attraction
Englewood boasts a high quality of life with access to parks, cultural venues, and excellent schools. This makes it easier for businesses to attract and retain skilled employees who value a balanced lifestyle. Additionally, the city’s commitment to sustainability and community development enhances its appeal.
How to Find the Right Business Real Estate for Rent in Englewood
Finding the perfect commercial space requires a strategic approach and reliable resources.
Work with Experienced Commercial Real Estate Brokers
Local brokers have in-depth knowledge of the Englewood market and can provide tailored recommendations based on specific business needs. They can also assist with lease negotiations and due diligence to ensure favorable terms.
Utilize Online Listings and Marketplaces
Websites specializing in commercial real estate, such as LoopNet, CREXi, and local real estate agencies, offer comprehensive listings with detailed property information. These platforms allow businesses to filter options by size, price, location, and property type.
Visit Properties and Evaluate Neighborhoods
Touring potential spaces and exploring surrounding neighborhoods provides insight into the suitability of a location. Factors like foot traffic, nearby amenities, and the condition of the building can influence the decision-making process.
Conclusion
Englewood, CO, presents a compelling opportunity for businesses seeking to rent commercial real estate. Its strategic location, diverse property options, and supportive community create an environment conducive to growth and success. By carefully assessing market conditions, property features, and lease terms, businesses can secure the ideal space to thrive in this vibrant city.
Whether looking for office, retail, or industrial space, Englewood’s commercial real estate market offers options that can meet a wide range of business needs. Engaging with knowledgeable professionals and conducting thorough research will help ensure a smooth leasing process and a strong foundation for future business endeavors.
As you consider the advantages of renting business real estate in Englewood, CO, remember that the right space and lease terms can propel your business to new heights. Benchmark Commercial stands ready to guide you through this critical decision. With our deep commitment to Denver and our expertise in office and industrial representation, we’re not just finding you a space; we’re investing in your success and the prosperity of our community. Let us be your advocates in securing a space that grows with you, meets your specific needs, and aligns with your budget. Learn More about how Benchmark Commercial can help you reach your peak in the vibrant Englewood market.
