Cherry Creek Retail

Cherry Creek

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,700
As of: December 2, 2016

Cherry Creek Rates

The typical asking rate per listing is in the $30's per square foot per year. The Cherry Creek region is seeing a decline in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 25% decline in rent.

Compared to the rest of the Denver Metro market, the Cherry Creek submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.

Cherry Creek Listing Supply

In the last 90 days, 6 listings have been posted online, 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,700 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 6 floors. Most buildings in this area were built in 1982 and are Class A.

Cherry Creek Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Cherry Creek folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Cherry Creek.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Cherry Creek.
Research