The typical asking rate per listing is in the $30's per square foot per year. The Union Square submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 37% rise in rent.
Compared to the rest of the Denver Metro market, the Union Square submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 16 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 19% of the office spaces in the Union Square 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,280 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 4 stories. Most buildings in this area were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Most of the occupants of Union Square work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.