The typical asking rate per listing is in the $30's per square foot per year. The Union Square submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 37% rise in rent.
Compared to the rest of the Denver Metro market, the Union Square region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 15 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the available space in the Union Square are subleases, so you might be able to snag a great spot on a short term. 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 3,280 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 4 floors. Most buildings in this market were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Most of the residents of Union Square work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.