The typical asking rate per listing is in the $30's per square foot per year. The Cherry Creek region is seeing a an increase in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 30% increase in rent.
Compared to the rest of the Denver Metro market, the Cherry Creek submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 171 listings have been made available, so you'll want to check back regularly for new listings. About 14% of the listings in the Cherry Creek are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, 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 5 stories. Most buildings in this market were built in 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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