On average, listings lease in the $20's per square foot per year. The Civic Center region is seeing a decrease in rates. In the last 3 months, the median rate fell $77 per sqft per year. That's a 73% decrease in rent.
Compared to the rest of the Denver Metro market, the Civic Center region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 5 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,800 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1966 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Civic Center folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.