The typical asking rate per listing is in the $20's per square foot per year. The Civic Center submarket is seeing a decline in rates. In the last 3 months, the median rate fell $77 per sqft per year. That's a 73% decrease in rent.
Compared to the rest of the Denver Metro market, the Civic Center submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,800 sqft. Most properties in this area are around 2 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. Information is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Civic Center residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.