On average, listings lease in the $40's per square foot per year. The Cherry Creek North region is going through a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 11% rise 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 region.
In the last 90 days, 4 listings have come on the market, which means listings are probably leasing quickly. 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.
The standard measurement for office space in this area is around 1,960 sqft. Most properties in this area are around 6 stories. Most buildings in this area were built in 1992 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Cherry Creek North occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.