On average, listings lease in the $30's per square foot per year. The Cherry Creek North region is seeing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 12% rise in rent.
Compared to the rest of the Denver Metro market, the Cherry Creek North region has more expensive 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 listed, so you'll want to check back regularly for new listings. About 9% of the available space in the Cherry Creek North are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,590 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 8 stories. Most buildings in this area were built in 1992 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this region. 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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