On average, listings lease in the $40's per square foot per year. The Cherry Creek submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 23% rise in rent.
Compared to the rest of the Denver Metro market, the Cherry Creek submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 21 listings have been listed, which means new availabilities might be 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.
The standard measurement for office space in this area is around 2,410 sqft. Most buildings in this region are around 6 stories. Most buildings in this market were built in 1982 and are Class A.
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 region. Commute by public transit is the most popular way to get to work amongst Cherry Creek residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.