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The typical asking rate per commerial real estate listing leases is in the $40's per square foot per year. The Cherry Creek submarket is experiencing a a boost in rates. In the last 3 months, the median rate for lease rose $19 per sqft per year. That's a 67% increase in rent.
Compared to the rest of the Denver Metro commercial real estate market, the Cherry Creek region has greater rates for rent, and you may need to pay a premium to be in this hot submarket.
In the last 180 days, 171 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate space in the Cherry Creek are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 760 sqft. Most buildings in this region are close to 5 floors. Most buildings in this area were built approximately 1982 and are Class A.
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.
Real time and historical data on commercial real estate listings in Cherry Creek.
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