The typical asking rate per listing is in the $40's per square foot per year. The Cherry Creek region is going through a a rise in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 23% increase in rent.
Compared to the rest of the Denver Metro market, the Cherry Creek 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, 21 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 1,960 sqft. Most properties in this area are close to 6 floors. Most buildings in this area were built in 1982 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Cherry Creek residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.