Most listings are in the $30's per square foot per year. The Cherry Creek North submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $17 per sqft per year. That's a 34% decrease in rent.
Compared to the rest of the Denver Metro market, the Cherry Creek North submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means spaces are probably 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 1,720 sqft. Most buildings in this area are around 6 floors. Most buildings in this market were built in 1992 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.