Westminster?s business parks meeting demand as growing firms expand to metro north

by Amy Stogner

WESTMINSTER ? As expanding businesses continue to choose Westminster for new corporate facilities, new business parks are springing up and existing ones are seeing increased infill.

Total vacancy rates for commercial space in Westminster stood at 13.71 percent for May, up slightly from last years 12.08 percent. As new office space comes open, the average lease rate for office space is approximately $18.50 triple net, said Becky Johnson, economic development program coordinator for Westminster. A triple net lease is one that requires tenants to pay all ongoing maintenance expenses such as utilities, taxes, insurance and property upkeep.

The…