The typical asking rate per listing is in the $30's per square foot per year. The Cherry Creek North region is going through a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Denver Metro market, the Cherry Creek North submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 11 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,820 sqft. Most buildings in this market are close to 8 stories. Most buildings in this market were built in 1992 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Cherry Creek North folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.