On average, listings lease in the $30's per square foot per year. The Cherry Creek North region is going through a an increase in rates. In the last 3 months, the median rate went up $10 per sqft per year. That's a 35% rise in rent.
Compared to the rest of the Denver Metro market, the Cherry Creek North region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 110 listings have been posted online, so you'll want to check back regularly for new listings. About 12% of the listings in the Cherry Creek North are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,160 sqft. Most buildings in this market are approximately 8 floors. Most buildings in this area were built in 1992 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Cherry Creek North occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Cherry Creek North.
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