The typical asking rate per listing is in the $30's per square foot per year. The North Capitol Hill submarket is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Denver Metro market, the North Capitol Hill submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 39 listings have come on the market, which means office spaces are probably 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,520 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 12 floors. Most buildings in this area were built in 1980 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst North Capitol Hill occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.