Office Appraisal Services


The Historic Alamo Office Building - Downtown Colorado Springs

Appraising office properties involves a market that is in a state of change. Many businesses are allowing workers to telecommute, which means less demand for office space.

An office property draws workers from a given distance, so, one can estimate demand based on population in the driving-time area, who are employed in occupations likely to require office space for workers.

Another element of appraising office properties is related to how office space is measured: there is "gross building space," measured to the exterior perimeter of the building; "useable area" includes space within the actual business suite and finally, "net rentable area" which includes a unit's pro-rata share (based on unit's square feet versus building's square feet) of common space, including hallways and stairwells.

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In performing Income Approach analysis, typically, office leases are written on a "Full service Gross" basis, whereby the landlord is responsible for all expenses. In that instance, one must be aware of what is referred to as an "expense stop," which locks the expense at the level of the time at which the lease is negotiated.

Finally, there are specialized office properties, such as medical offices, or, downtown high rises, which make appraising office properties a challenging endeavor.

We offer Office Appraiser / Appraisal Services in Denver, Lakewood, Centennial, Commerce City, Wheat Ridge, Aurora, Littleton, Englewood, Lonetree, Longmont, Louisville, Loveland, Northglenn, Parker, Thornton, Westminster, Arvada, Boulder, Brighton, Broomfield, Castle Rock, Golden, Greenwood Village, Highlands Ranch, Lafayette and the entire Denver Metro area