On average, listings lease in the $30's per square foot per year. The Civic Center submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Denver Metro market, the Civic Center region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 6 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 133% of the office spaces in the Civic Center are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 6,200 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this market were built in 1965 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 region. Commute by public transit is the most popular way to get to work amongst Civic Center residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.