The typical asking rate per listing is in the $20's per square foot per year. The Cherry Creek North submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 26% decline in rent.
Compared to the rest of the Denver Metro market, the Cherry Creek North submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 11 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 91% of the available space in the Cherry Creek North are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,450 sqft. Most properties in this area are around 8 stories. Most buildings in this market were built in 1999 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Cherry Creek North folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.