The typical asking rate per listing is in the $30's per square foot per year. The Cherry Creek North region is going through a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 12% rise in rent.
Compared to the rest of the Denver Metro market, the Cherry Creek North submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 11 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,820 sqft. Most properties in this area are close to 8 floors. Most buildings in this market were built in 1999 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Cherry Creek North folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.