The typical asking rate per listing is in the $30's per square foot per year. The Central Denver submarket is going through a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the Denver Metro market, the Central Denver region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 175 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the available space in the Central Denver are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,630 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 6 stories. Most buildings in this area were built in 1966 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Central Denver folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.