(Photo taken at The Walnut Room; visit keeprinocraft.com)
RiNo is hands-down the hottest neighborhood in Denver right now. With its internationally renowned art culture, dynamic craft food and beverage scene, intentional walkability and direct access to public transit, it’s a destination for companies looking to attract and retain top talent in an increasingly competitive business landscape.
With enhanced connections through public infrastructure projects nearing completion like the Brighton Boulevard improvements, RiNo is becoming a new entry point into Downtown Denver, giving both business and leisure travelers their first taste of Denver culture.
Current RiNo Office Lease Rates
In addition to a rapidly growing number of specialty stores, restaurants and bars, RiNo is also stepping up its office game, offering a combination of adaptive reuse and new construction projects that meet the needs of almost any company. With lease rates ranging from $30 to $35/SF, the area is generally cheaper than LoDo ($34-$36/SF) and offers a creative and entrepreneurial environment.
While there are a variety of companies flocking to RiNo, we’re seeing a concentrated influx of emerging tech (those which have grown beyond the startup phase), medical tech, and even financial services companies looking to develop vibrant workforces.
New RiNo Office Developments
With 2 million SF of office space currently under construction (and nearly 750,000 SF proposed), there are plenty of options for office space. Some of the most anticipated?
- Denver Rock Drill: Phase 1 Under Construction
- World Trade Center Denver (38th & Blake St.) – Proposed Construction Start April 2018
- Revolution 360 (3600 Brighton Blvd.) – Proposed Construction Start June 2018
- Catalyst (3513 Brighton Blvd.) – Phase 1 Under Construction, Phase 2 Proposed Construction Start January 2019
- 3060 Brighton Blvd. – proposed delivery April 2019
Is RiNo the Right Fit?
With so many dynamic options for office space in RiNo, how do you know if it’s the right location for your company? Here are six questions to start the discussion with your team and broker:
- Are we looking for non-traditional office space?
- What type of talent are we looking for, and how does our office space and location factor into attracting and retaining them?
- How important is parking to our employee base? Are they comfortable using public transit?
- How does our building’s location impact the image of our company? Can that translate into business growth?
- Does moving to RiNo support the overall objectives of our company?
- What financial constraints could have an impact on our decision (how much does price matter to us)?
Remember, you don’t have to figure this out alone. At Column Commercial Partners, we offer expert advice to help you navigate Denver’s commercial real estate market with ease.
Ready to grab a beer and explore RiNo? Drop us a line.
Matt Weist | Broker Associate | 303.999.6090 | mweist@columncommercial.com
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