Cherry Creek Industrial

Cherry Creek

Market Report

Number of Listings
Posted in the last 90 days
25
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
2,100

Cherry Creek Rates

On average, listings lease in the $30's per square foot per year. The Cherry Creek submarket is going through a a boost in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 30% rise in rent.

Compared to the rest of the Denver Metro market, the Cherry Creek region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Cherry Creek Listing Supply

In the last 90 days, 171 listings have come on the market, so you'll want to check back regularly for new listings. About 15% of the available space in the Cherry Creek are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,100 sqft. Most properties in this region are close to 5 floors. Most buildings in this area were built in 1982 and are Class A.

Cherry Creek Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Cherry Creek folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Cherry Creek.
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