Lakewood Commercial Real Estate Broker
The Lakewood commercial real estate market is one of the larger submarkets in metro Denver, with a deep mix of office, retail, medical, and industrial/flex property along Union Boulevard, Belmar, West Colfax, and the Federal Center corridor. We represent tenants, buyers, landlords, sellers, and investors throughout Lakewood and Jefferson County.
Our team brings more than 25 years of combined commercial real estate and legal experience and over $100 million in property sold and leased along the Front Range.
The Lakewood Commercial Real Estate Market in 2026
Lakewood is Colorado's fifth-largest city and the commercial center of Jefferson County, sitting directly west of Denver with access to US-6, I-70, C-470, and RTD's W Line light rail. That location gives Lakewood businesses a large workforce and a short drive to downtown Denver at lower occupancy costs than the urban core.
The metro office market is turning. Second-quarter 2026 reports from CBRE and Cushman & Wakefield put metro Denver office vacancy between roughly 26.6% and 28.7%, with CBRE calling Q2 the most encouraging quarter since the pandemic and recording positive net absorption. For Lakewood tenants, that still means leverage on rent, free rent, and tenant-improvement allowances — especially in older Class B buildings (which there are quite a few).
Here’s a stat that caught our eye recently…in Q2 2026, 165 S. Union Boulevard — a roughly 206,000-square-foot Lakewood office building — traded for $17.25 million, about $84 per square foot. This was a 32% discount from its 2017 sales price. And at $84, that is well below replacement value. Pricing like that is opening the door to repositioning, owner-user purchases, and medical conversions that wouldn't have penciled a few years ago. Many landlords are wanting medical space in their office buildings. One of our clients recently was given quite the TI package and rent abatement if they signed a 10 year lease and covered the costs over the TI allowance. He chose not to do that but it was quite telling that the LL was very aggressive in their negotiations.
Zoning is the other story. If you’re a seasoned CRE broker, you have your stories about zoning - especially in Lakewood. However, in April 2026, Lakewood voters repealed the city's new pro-density zoning rules. If you're thinking about converting an office building to residential or mixed use, check what the current zoning actually allows on that site before you buy or sell. And make sure you speak with a CRE broker who can help you ask the right questions when it comes to planning and zoning in Lakewood.
Lakewood's Commercial Corridors and Submarkets
Union Boulevard and Denver West
Lakewood's largest concentration of multi-tenant office runs along Union Boulevard between Alameda and I-70, up to the Denver West office park and Colorado Mills area. Expect Class “A” and B office, corporate users, and heavy professional-services demand. Today's pricing makes this the corridor to watch for value-add buys and well-concessioned leases.
Belmar and the Wadsworth/Alameda core
Belmar replaced the old Villa Italia Mall and now serves as Lakewood's downtown. It covers 22 city blocks and more than 1 million square feet, with over 80 shops and restaurants. Anchors include Whole Foods Market, Target, Best Buy, Nordstrom Rack, Dick's Sporting Goods, and Century Theatres. The district also has more than 1,300 residential units, a Hyatt Place hotel, condominiums, artist studios, and educational space.
For office users, Belmar has close to 300K square feet of newer office space within walking distance of all of that, and it typically leases at a premium to the rest of Lakewood. Nearby frontage on Wadsworth and Alameda serves retail, quick-service restaurants (QSRs), and medical users who need visibility and parking.
West Colfax and the 40 West Arts District
West Colfax is Lakewood's historic commercial spine and its most active redevelopment corridor. Older retail strips, automotive sites, and small-bay buildings attract owner-users, restaurants, breweries, creative office, and investors looking for land value. The 40 West Arts District and W Line stations at Lamar, Wadsworth, and Oak add foot traffic and transit access.
The City of Lakewood is also putting real money into the corridor. Two public works projects are under construction through 2026. The West Colfax Transportation Safety Project is rebuilding sidewalks, crossings, lighting, and intersections, with better access to businesses as a stated goal. The North Dry Gulch stormwater project is designed to reduce flooding and take properties out of the regulatory floodplain. For owners and buyers (and customers), that last point matters: coming out of the floodplain can lower insurance costs and make sites easier to finance and redevelop.
Federal Center and the W Line station areas
The Denver Federal Center at Sixth Avenue and Kipling remains one of the region's largest federal employment campuses, and the General Services Administration continues to invest in modernizing its buildings. The city's long-range transit-oriented plan around the Federal Center station calls for office, retail, hotel, and medical office space next to the hospital campus. For medical, government-contractor, and service users, this is a strategic address.
Kipling, Sixth Avenue and the industrial/flex pockets
Lakewood's industrial and flex inventory is limited, which keeps it in demand. Look along Kipling north of Sixth Avenue, the I-70 frontage near Denver West, and pockets off Colfax for small-bay flex, contractor yards, and service-industrial space. Metro Denver industrial vacancy sat at 7.8% in Q2 2026, so well-located small bays in Lakewood rarely sit long. There are plenty of flex and industrial options outside of the Lakewood boundary but within Lakewood, it’s a bit limited. Many of our clients have bought, sold and leased space closer to Golden and in Wheat Ridge which are all surrounding areas of Lakewood and that all fall in JeffCo.
Medical and Dental Office Space in Lakewood
Lakewood's healthcare cluster — anchored by the St. Anthony Hospital campus near the Federal Center, plus a deep bench of outpatient, dental, and specialty practices along Union, Wadsworth, and Alameda — makes it one of the west metro's strongest medical office markets.
In addition to retail and flex users, we help Lakewood doctors, dentists, orthodontists, veterinarians, physical therapists, and specialty practices with:
Finding second-generation medical and dental space with plumbing, X-ray shielding, and ADA access already in place
Finding space to convert from general office to clinical use, including zoning, parking, and buildout feasibility
Lease-versus-buy analysis for practice owners ready to own their building
Negotiating TI allowances, exclusive-use clauses, and assignment rights you will need when you sell the practice
Selling or leasing medical buildings to healthcare investors
Learn more about our medical real estate services here.
Our Lakewood Commercial Real Estate Services
Tenant representation. Space search across listed and off-market options, tours, proposals, lease negotiation,
and renewal strategy. Landlords typically pay our fee.
Buyer representation. Owner-user and investor acquisitions, underwriting, due diligence coordination, and contract negotiation.
Landlord leasing. Marketing vacant Lakewood space, qualifying tenants, and structuring NNN and gross leases that protect your income.
Seller representation. Pricing, positioning, and marketing Lakewood commercial property to local, regional, and 1031 buyers.
Investment services. Cap-rate and cash-flow analysis, seller-financing structures, and portfolio strategy.
Selling or Exchanging Lakewood Investment Property
If you own a Lakewood retail center, office building, medical property, or small-bay industrial asset, today's market rewards preparation. We'll show you what comparable Lakewood properties have actually traded for, what buyers are underwriting, and whether a sale, refinance, or 1031 exchange makes the most sense.
We regularly help sellers structure seller financing to widen the buyer pool and help 1031 buyers identify Lakewood replacement property inside the 45-day window.
Why Lakewood Property Owners and Tenants Work With CREB
We represent both sides of the market. Some Lakewood brokerages work only for tenants. We represent tenants and buyers and landlords, sellers, and investors, so we understand how the other side underwrites a deal.
Developer and finance background. Our team has developed flex/industrial, retail and office space from the ground up, which shapes how we evaluate redevelopment and value-add sites.
Local, boutique, accountable. You work directly with the principals, not a junior associate.
Lakewood Commercial Real Estate FAQs
How much does a Lakewood commercial real estate broker cost? For tenants, usually nothing out of pocket — the landlord typically pays the leasing commission. Sellers and landlords pay a negotiated commission, generally a percentage of the sale price or lease value.
Do I need a broker to lease commercial space in Lakewood? No, but the landlord's broker works for the landlord. A tenant broker negotiates rent, free rent, TI allowances, and lease terms on your side, often at no cost to you.
What are typical lease structures in Lakewood? Most Lakewood retail, medical, and industrial space leases on a triple-net (NNN) basis, where the tenant pays its share of taxes, insurance, and common-area maintenance. Office is most often full-service gross or modified gross.
Is now a good time to lease office space in Lakewood? For many tenants, yes. Metro Denver office vacancy was roughly 26–29% in mid-2026, which gives tenants leverage on rent, concessions, and buildout dollars, especially in Class B buildings.
Can I convert general office space in Lakewood to medical or dental use? Often, but it depends on zoning, parking ratios, plumbing, ADA access, and building systems. We evaluate feasibility before you sign so you don't inherit a costly surprise.
Do you help with 1031 exchanges in Lakewood? Yes. We help sellers market relinquished property and help buyers identify Lakewood replacement property within the 45-day identification and 180-day closing deadlines.
What areas around Lakewood do you cover? All of Lakewood plus Golden, Wheat Ridge, Arvada, Littleton, Englewood, Denver, and the rest of the Front Range.
Talk to Us
Tell us what you need and when - click here to contact us or call / email. Let us see if we’re a good fit.
David Fingerhut · (720) 522-6706 · david@corealestatebrokers.com Stuart Dobson · (303) 919-0309 · stuart@corealestatebrokers.com
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