The typical asking rate per listing is in the $30's per square foot per year. The Cherry Creek North submarket is going through a decrease in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 28% decline in rent.
Compared to the rest of the Denver Metro market, the Cherry Creek North region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 11 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. 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 3,880 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 8 floors. Most buildings in this region were built in 1992 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Cherry Creek North residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.