Cherry Creek Sublease

Cherry Creek

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$27
Median Size (sqft)
3,700
As of: December 10, 2016

Cherry Creek Rates

Most listings are in the $20's per square foot per year. The Cherry Creek region is seeing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 14% decline in rent.

Compared to the rest of the Denver Metro market, the Cherry Creek region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Cherry Creek Listing Supply

In the last 90 days, 10 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the office spaces in the Cherry Creek 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,700 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 6 stories. Most buildings in this region were built in 1982 and are Class A.

Cherry Creek Community

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 market. Commute by public transit is the most popular way to get to work amongst Cherry Creek folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Cherry Creek.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Cherry Creek.
Research