The typical asking rate per listing is in the $30's per square foot per year. The Union Square submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Denver Metro market, the Union Square submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 17 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 24% of the available leases in the Union Square 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 3,490 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 4 floors. Most buildings in this market 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 region. Most of the residents 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.