Commercial lease rates growing with economy

BOULDER – With the local and national economy picking up, lease rates have increased 33 percent on commercial properties at key locations in downtown Boulder, while vacancy rates have been dropping, brokers in the region said.

Triple net listing rates have risen to $24 to $32 per square foot for buildings downtown in the past year and a half, from $19 per square foot. That creates more interest in commercial business parks in east Boulder, said Wade Wimmer, a senior associate at CB Richard Ellis commercial brokerage in the Boulder/Denver corridor, who works with several Boulder clients. Triple net lease rates…