The typical asking rate per listing is in the $30's per square foot per year. The Cherry Creek North region is seeing a decline in rates. In the last 3 months, the median rate fell $17 per sqft per year. That's a 34% decline in rent.
Compared to the rest of the Denver Metro market, the Cherry Creek North region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means new availabilities 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 1,720 sqft. Most properties in this market are close to 6 stories. Most buildings in this area were built in 1992 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Cherry Creek North occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.