How to Find Commercial Properties in Denver

Denver, Colorado, also known as the "Mile High City," has a diverse and vibrant real estate market. The city has seen consistent growth in population and job opportunities, which has led to an increase in demand for both residential and commercial properties.

The median home price in Denver is around $450,000 and has steadily increased in the past few years. The market is considered a seller's market, with low inventory and high demand leading to competitive bidding and quick sales.

Denver's commercial real estate market is also strong, with the city being home to a diverse range of businesses, including technology, healthcare, and energy companies. The office vacancy rate in Denver is around 10%, and rental rates have been steadily increasing. The most popular areas for commercial properties are the Central Business District, Lower Downtown, and the Denver Tech Center.

Denver retail properties are also in high demand, with popular shopping areas such as Cherry Creek, 16th Street Mall, and the Highlands. Denver's population growth and a strong economy have led to increased demand for retail spaces, leading to higher rental rates and low vacancy rates in these areas.

Industrial properties are also in high demand in Denver, especially at Denver International Airport, the National Western Center, and the River North (RiNo) area. The city's growing economy and population have increased the warehouse and distribution spaces demand.

Identify your Needs

When looking for a commercial property in Denver, it's essential to identify your needs to find a suitable space for your business. Here are a few things to consider:

1. Size: Consider the size of the property you need. How much space do you require for your business? You should also consider the layout of the space and how it will accommodate your business operations.

2. Location: Think about the property's location and how it will impact your business. Consider factors such as visibility, foot traffic, and accessibility for customers and employees.

3. Zoning: Make sure the property is zoned for the type of business you are running. It is vital to research the zoning laws in the area you are looking to ensure the property is compliant.

4. Amenities: Consider any specific amenities that your business may need. For example, if you are running a restaurant, you may need a commercial kitchen, or if you are running a retail store, you may need a loading dock.

5. Future plans: Think about how the property will accommodate your business in the future. If you expect your business to grow, ensure the property has room for expansion.

6. Parking and access: Ensure the property has adequate parking and access for your customers and employees.

7. Rent/Purchase: Decide whether you want to rent or purchase the property. Renting may be the best option if you are just starting out or if your business still needs to be established, while buying may be a better option if you have a stable business and can afford the upfront cost.

By identifying your specific needs and researching the available properties in the market, you will be able to find the right commercial property in Denver for your business.

Search for Properties

Once you have identified your specific needs for a commercial property in Denver, it's time to start searching for properties that meet those needs. Here are a few ways to search for properties:

1. Online real estate platforms: MyEListing.com is an excellent resource for searching for commercial properties in Denver. They allow you to filter properties by location, size, and price, making it easy to find properties that meet your specific needs.

2. Commercial real estate agents: A real estate agent can help you find properties that meet your needs. They will have access to a wide range of listings and can provide valuable insights into the Denver real estate market.

3. Networking: Networking with other business owners, entrepreneurs, and real estate professionals can be a great way to find properties. They may know of properties that still need to be listed or may be able to connect you with a landlord or seller directly.

4. Local newspapers and business journals: Check out local newspapers and business journals for listing commercial properties in Denver. You can also look for classified ads in these publications.

5. Public records: Look up public records of commercial properties in Denver. You can find information on ownership, zoning, and property tax records.

6. Drive around: Drive around the areas of your interest to find available properties for lease or purchase.

By using a combination of these methods, you will be able to find a wide range of commercial properties in Denver that meet your specific needs. Remember to take note of the properties that you are interested in and to have a list of questions ready for when you visit the properties.

How to Find Commercial Properties in Denver

Narrow Down your Options

Once you have a list of potential commercial properties in Denver, it's essential to narrow down your options to find the best fit for your business. Here are a few things to consider when narrowing down your choices:

1. Location: Consider the property's location and how it will impact your business. Think about factors such as visibility, foot traffic, and accessibility for customers and employees.

2. Zoning: Make sure the property is zoned for the type of business you are running. Research the zoning laws in the area to ensure the property is compliant.

3. Amenities: Think about any specific amenities that your business may need. For example, if you are running a restaurant, you may need a commercial kitchen, or if you are running a retail store, you may need a loading dock.

4. Plans: Consider how the property will accommodate your business. If you expect your business to grow, ensure the property has room for expansion.

5. Rent/Purchase: Decide whether you want to rent or purchase the property. Renting may be the best option if you are just starting or your business is not yet established, while purchasing may be a better option if you have a stable business and can afford the upfront cost.

6. Condition of the property: Evaluate the condition of the property, both inside and outside. Look out for any repairs or renovations that may need to be done before you move in.

7. Compare your options: Compare the properties on your list side by side. Take into account the location, amenities, and cost of each property.

8. Visit the properties: Once you have narrowed down your options, visit the properties in person. This will give you a better idea of the property's condition, location, and overall suitability for your business.

By taking the time to narrow down your options, you will be able to find the best commercial property in Denver for your business.

Negotiate and Close the Deal

Once you have found the right commercial property in Denver, it's time to negotiate the lease terms or purchase and close the deal. Here are a few things to keep in mind:

1. Hire a lawyer or real estate agent: It is a good idea to have a lawyer or commercial real estate agent represent you during the negotiation process. They will be able to advise you on the legal and financial aspects of the deal and can help you negotiate the best terms for your business.

2. Review the lease or purchase agreement: Carefully review the lease or purchase agreement before signing. Make sure you understand all the terms and conditions and that they are favorable to your business.

3. Negotiate the terms: Negotiate the terms of the lease or purchase, such as the rental rate, length of the lease, and any additional terms and conditions.

4. Get it in writing: Make sure all the terms and conditions are in writing and that you have a signed copy of the lease or purchase agreement.

5. Get a building inspection: Before closing the deal, have a professional conduct a building inspection to ensure that the property is in good condition and that no significant issues need to be addressed.

6. Get the keys and move in: Once you have closed the deal, get the keys to the property and start moving in.

7. Follow up on the closing: Follow up with your lawyer or real estate agent to ensure all the necessary paperwork is filed, and the closing is completed.

Following these steps, you can successfully negotiate and close the deal on a commercial property in Denver. It is vital to have a professional help you through the process and to have all the terms and conditions in writing to avoid any misunderstandings or disputes in the future.

Get Professional Help

Getting professional help when searching for a commercial property in Denver is a good idea, especially if you are unfamiliar with the real estate market. A commercial real estate agent or a lawyer can help you find properties that meet your specific needs and help you navigate the negotiation and closing process.

A commercial real estate agent has access to a wide range of listings and can provide valuable insights into the Denver real estate market. They can help you find properties that meet your specific needs and assist you with negotiating and closing. An agent can also help you with paperwork, inspections, and other details involved in the process.

A lawyer can also be of great help, they can review the lease or purchase agreement and advise you on the legal and financial aspects of the deal. They can also help you with any legal issues that may arise during the negotiation and closing process.

In summary, getting professional help when searching for a commercial property in Denver is a good idea. A commercial real estate agent or lawyer can help you find properties that meet your specific needs and assist you with negotiating and closing. They can provide valuable insights into the Denver real estate market and help you avoid any legal issues.

Finding the right commercial property in Denver, Colorado, can be challenging, but with a bit of research, planning, and professional help, you'll be able to find the perfect space for your business. The steps to finding commercial properties in Denver are as follows:

1. Research the Denver real estate market: Familiarize yourself with the different neighborhoods and areas in Denver that are popular for commercial properties. Look at factors such as population density, median income, and the types of businesses already in the area.

2. Identify your needs: Determine what kind of commercial property you are looking for, such as retail, office, or industrial space. Consider the size, location, and specific features or amenities important to your business.

3. Search for properties: Use online real estate platforms like MyEListing, Zillow, LoopNet, and CoStar to search for commercial properties in Denver. You can also contact a commercial real estate agent to help you find properties that meet your specific needs.

4. Narrow down your options: Once you have a list of potential properties, narrow it down by visiting them in person and evaluating each based on your specific criteria.

5. Negotiate and close the deal: Once you have found the right property, work with your real estate agent to negotiate the terms of the lease or purchase. Once the details are settled, you can close the deal and move forward with your business.

6. Get Professional Help: If you are unfamiliar with the market, it is better to get professional help from a commercial real estate agent who knows the market, has access to listings, and can give you professional advice.

By following these steps, you will be able to successfully find the right commercial property in Denver for your business. Remember to take your time, research, and consult a professional if needed.