Glendale Office Space for Rent
Southeast of Cherry Creek, Glendale is one of Denver’s most popular suburbs. While Glendale is surrounded by the city of Denver on each side of the neighborhood’s boundaries, Glendale maintains its own identity.
Glendale’s popularity has fluctuated in the past half century, with a rise in popularity in the 1970s, and a decline as newer neighborhoods, like Midtown and LoDo, emerged in the late ‘90s. However, this transitional neighborhood is back on the rise.
Due to its proximity to Downtown Denver and the affluent Cherry Creek, Glendale is a top choice for families and young professionals eager to experience Denver’s culture while living an affordable, suburban lifestyle. As city plans show future promise for more residential and commercial development, Glendale is tracking as a neighborhood to watch in the coming years.
Glendale Office Space | Lease Data & Trends
Glendale is one of Denver’s hotspots for commercial real estate growth. The submarket offers an ideal location for companies who prioritize access to Downtown Denver amenities, along with significant cost and transportation advantages. As a result, demand for office space in Glendale has risen, reflected in dropping vacancy rates and a four percent increase in average asking rents in 2018.
Despite the climbing average asking rent, office space in Glendale remains affordable, both in comparison to leases in other Denver suburbs and Central Business District options. The overall average asking rate for commercial office space in Glendale is just under $28 per square foot, compared to the overall asking rate for office space in Denver, which hovers around $31 per square foot. And compared to Denver’s downtown core, where office spaces average $39 per square foot, Glendale offers attractive rental rates for commercial companies.
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What Our Brokers Say About Office Space in Glendale
There’s a steady revitalization happening in Glendale, making it an attractive option for future-focused companies. Currently, most office space in Glendale rests in stately business parks and plazas along Exposition Avenue and Cherry Creek S Drive. But within Glendale, there’s a wave of new construction and city building initiatives that seek to rebuild the area to the height of its former glory.
While most of the projects under construction are shopping centers, entertainment spots, and new eateries, the serious redevelopment points to the financial strength of Glendale’s economy. And as the economy continues to boom in Glendale, the city will attract new talent and new businesses – creating an exciting opportunity for companies eager to build their business somewhere new and get in early on a future hotspot location.
With almost nine million square feet of commercial office space in Glendale, and major redevelopment projects get underway, the number of leased office space in Glendale is expected to rise. One of the major projects supporting commercial growth in Glendale today is Glendale 180: a bold initiative to create a sprawling entertainment district. Top designers and planners are leading the city council approved effort, including Gensler, Turner Construction, and The Laramie Company. The project’s backers are passionate about the results that this glorified entertainment district will deliver to Glendale, claiming the new project will serve “as a bridge to the future while also channeling the best of Glendale’s past, it’s not simply a collection of businesses surrounded by a sea of asphalt. Glendale 180 is an extraordinary marriage of the beauty of Cherry Creek and the most densely populated city in the state.”
Glendale may not be part of Denver’s Tech Center, but it’s a welcoming community for small businesses and companies who are eager to put down roots in the heart of a growing economy. With opportunities to lease a wide variety of office space, from expansive Class B office parks to historic small offices, Glendale offers an alternative to Denver’s expensive real estate.
Getting Around the City of Glendale
Surrounded by Denver proper on all sides, Glendale provides locals with a centralized location to visit different parts of the city with ease. Glendale is only a mile and a half north of I-25, Denver’s main transportation thoroughfare, and the area borders Colorado Boulevard and Alameda Avenue – two of the most popular routes for Denver commuters. Glendale is a mere five miles from the heart of southeast Denver, and the Denver airport is 25 minutes away by car.
Glendale doesn’t provide the same wealth of bus lines and public transit options of Downtown Denver, but the area compensates by providing ample parking, bike trail access, and safe streets for pedestrians. And future construction projects are carefully considering transportation impact in Glendale, as the Glendale 180 project is looking for ways to accommodate “the 140,000 employees who work within 3 miles” of the proposed site by providing “more than 2,200 parking spaces…through a mix of underground and multi-story parking.”
Get to Know Denver’s Glendale Community
The suburb of Glendale has humble roots. Named after a grange in the late 1800s, the Glendale community was founded on a collection of independent dairy farms. The prevalence of dairy farms remained well into the mid twentieth century, until Glendale experienced a shift towards urbanization. In the second half of the century, Glendale emerged as Denver’s preeminent destination for nightlife and entertainment.
Today, Glendale reminisces on its entertainment heyday, and there’s a push to develop new entertainment centers, including Glendale 180 “which calls for a hotel and 25 bars and restaurants where adults could walk around carrying to-go alcoholic beverages.” Glendale’s future is still forming, but if it continues to provide hot spots like Scandinavian-inspired Inga’s Alpine Lounge and the minimal Kitchen Next Door, the area’s future looks incredibly bright.