The typical asking rate per listing is in the $20's per square foot per year. The Cherry Creek region is seeing a decline in rates. In the last 3 months, the median rate fell $14 per sqft per year. That's a 33% decline in rent.
Compared to the rest of the Denver Metro market, the Cherry Creek region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 21 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 76% of the available leases in the Cherry Creek 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,400 sqft. Most properties in this region are close to 6 stories. Most buildings in this market 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 region. Commute by public transit is the most popular way to get to work amongst Cherry Creek folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.