On average, listings lease in the $30's per square foot per year. The Union Square submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Denver Metro market, the Union Square region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 17 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 24% of the available space in the Union Square are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,490 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 4 stories. Most buildings in this area were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Most of the folk of Union Square work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.