On average, listings lease in the $20's per square foot per year. The Civic Center submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $77 per sqft per year. That's a 73% decrease in rent.
Compared to the rest of the Denver Metro market, the Civic Center submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 6 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,800 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this region were built in 1966 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Civic Center folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.