The typical asking rate per listing is in the $30's per square foot per year. The Cherry Creek region is going through a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the Denver Metro market, the Cherry Creek submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 16 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the office spaces in the Cherry Creek are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,250 sqft. Most properties in this market are around 6 stories. Most buildings in this region were built in 1982 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Cherry Creek residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.