On average, listings lease in the $30's per square foot per year. The Central Business District submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Denver Metro market, the Central Business District region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 57 listings have come on the market, so you'll want to check back regularly for new listings. About 146% of the listings in the Central Business District 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,760 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 14 floors. Most buildings in this region were built in 1973 and are Class B.
Waste services is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Central Business District residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.