Average Coworking Space Price in Denver

Coworking Space – Average Pricing in Denver CO

Purchasing or leasing office space is becoming more difficult, and it is frequently the first major expense that startup and small-business owners face. The majority of entrepreneurs must choose between taking out a small-business loan to lease or purchase a space or renting a coworking space. Coworking spaces have grown in popularity in recent years due to their lower cost when compared to traditional office spaces.

 

Denver, Colorado’s capital, is a haven for outdoor enthusiasts and one of America’s original Old West towns. It is now a thriving economic and administrative center, enticing many to establish and maintain their professional lives here. Beautiful weather, world-class restaurants and nightclubs, and a thriving arts and music scene all contribute to the impression that this is a growing city.

In Denver, various types of coworking spaces are available from various top office space porividers. These office spaces serve the needs of freelancers, startups, and small to large businesses. These spaces’ membership plans are adaptable.

Coworking Industry in Denver

 

Denver has the fifth most coworking spaces per capita in the country (based on 2018 data), and Colorado is the most expensive state for coworking desks. Colorado ranked first in an analysis of the average monthly cost of a desk in a coworking space, at $1,250, followed by Colorado Massachusetts ($1,213), California ($1,079), and New York ($1,063).

But according to a new CBRE analysis, Denver’s coworking space inventory has decreased by 8.7% since the pandemic began, bringing the city’s inventory to 2.6 million square feet.

Coworking operators suffered greatly as a result of the widespread shift to working from home at the start of the pandemic. Coworking spaces were places of high density and open layouts known for their close quarters just before the world ended. Even after some restrictions were lifted, many of these spaces had to adapt to physical separation and sanitation guidelines in order for members to feel safe.

After pandemic, the supply of flexible office space in Denver has increased by 8% as businesses of all sizes seek office space in the city’s prime locations.

 

Because of the high demand for offices in Denver, particularly hybrid spaces, average desk rates have become extremely competitive throughout the city. More expansion is expected in the coming year as the US market expands.

However, much has changed, and the explosive global growth of the flexible workspace industry has resulted in major shifts across the board as new competitors enter the market. Denver, as one of the state’s fastest growing cities, a significant tech hub, and a center of significant development of new office space, is no exception.

How much does coworking space in Denver cost?

 

Coworking spaces enable multiple businesses to coexist. This allows occupants to split rent costs and avoid costly upfront costs such as down payments. Furthermore, coworking spaces provide amenities such as high-speed internet, electricity, 24-hour office access, daily cleaning, and more.

Members typically pay for a coworking space with a monthly membership, and memberships are typically tiered based on the services provided. Most coworking spaces, for example, offer “hot desks,” dedicated desks, or private offices. A hot desk simply ensures that the member will have access to the coworking space, but the desk will most likely not be the same every day.

The supply of flexible office space in Denver has increased by 8% as businesses of all sizes seek office space in the city’s prime locations. Because of the high demand for serviced offices in Denver, particularly hybrid space, average desk rates have become extremely competitive throughout the city. More expansion is expected in the coming year as the US market expands.

 

However, much has changed, and the explosive global growth of the flexible workspace industry has resulted in major shifts across the board as new competitors enter the market. Denver, as one of the state’s fastest growing cities, a significant tech hub, and a center of significant development of new office space, is no exception.

The average desk cost in Downtown is $739. It is Denver’s financial and commercial district, as well as the location of some of the city’s most well-known landmarks. Downtown Denver is also the city’s cultural center.

Denver’s Tech Center is a sought-after area for office space because it is home to major businesses and corporations in technology and communication. The average desk here costs $754. 

 

Glendale is a popular business destination due to its excellent infrastructure and easy access. Coworking in Glendale costs only $480 on average. Several thriving tech and entertainment industry clusters can be found in the area because of the low coworking cost. 

Flex Office Spaces in Denver CO

Bottomline

Denver provides a unique setting for ambitious professionals of all types, with the beauty of the Rocky Mountains close to bustling city life. Coworking spaces in Denver are on the rise as workers look for inspiring places to create and innovate, whether you’re trying to build a startup, working as a digital nomad or freelancer, or even expanding an established corporation.