On average, listings lease in the $30's per square foot per year. The Central Denver submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 14% decrease in rent.
Compared to the rest of the Denver Metro market, the Central Denver region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 179 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the listings in the Central Denver are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 4,520 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 6 floors. 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. Professional services is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Central Denver residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.