On average, listings lease in the $30's per square foot per year. The Cherry Creek region is going through a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Denver Metro market, the Cherry Creek region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 16 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the available space 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 2,250 sqft. Most buildings in this area are around 6 stories. Most buildings in this region 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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.