The typical asking rate per listing is in the $30's per square foot per year. The Central Business District submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 18% decrease in rent.
Compared to the rest of the Denver Metro market, the Central Business District region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 58 listings have come on the market, so you'll want to check back regularly for new listings. About 14% of the listings in the Central Business District 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,480 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 14 floors. Most buildings in this area were built in 1973 and are Class B.
Waste services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Central Business District folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.