On average, listings lease in the $30's per square foot per year. The Downtown Castle Rock submarket is going through a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Denver Metro market, the Downtown Castle Rock region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 17 listings have come on the market, which means leases might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this market were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Castle Rock occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.