Cherry Tower - office in Denver, CO
Office

Cherry Tower

950 south cherry street, denver, CO

Price

Price on request

Square Feet

231,052

Market rate estimate — not broker-provided

Cost-of-Business Details

High Confidence
Low
$24.00/SF/mo
Mid
$28.00/SF/mo
High
$33.00/SF/mo
Tier Used
direct_comps

Based on 31 comparable office lease listings in the area.

Tier Resolution Trace
Tier 1success31 compsselected
Cost Breakdown
ComponentValueDetailSource
Base Rent$28.00/SF/modirect_comps
Utilities0.5¢/kWhOpenEI URDB
Property Tax0.0% eff. rateAPI Ninjas
Labor Index$2001/wkBLS QCEW
Source Provenance (1)
SourceTypeCountYearFreshnessPeer
OpenSearch Listingscomparable_listings31real-time
Data sources used
listings

Location

950 south cherry street, denver, CO

Marker
Leaflet © OpenStreetMap contributors

Property Details

Building Size231,052 SF
Year Built1982

Lease Details

Available Space74,848 SF

Market Context

This office in Denver, CO is listed for lease across 231,052 SF. The building dates to 1982. It has been on the market for 64 days.

As of Q2 2017, the Denver office market showed average asking rents near $8.40/SF/yr. Source: multiple brokerages Q2 2017 market report.

Compare it against other office listings for lease in Denver, CO to benchmark pricing and space — view the full market.

Unified Estimate

High Confidence
$22.53/SF/mo-$28.00/SF/mo
Mid: $24.35/SF/mo
Total estimate for 231,052 SF
$5,626,116

Rate-first confidence-weighted blend with cost-of-business adjustment.

Lease Rate & Market Trend

2023 – 2026 · county sold comps + market trendsFIPS 08031

High Confidence
  • Avg Rent ($/SF/mo) (market data)
  • Median $/SF (sold)
Q2 '17Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26$0$200$400$600$800
Market asking rent (quarterly avg)Median sale price / SFP25–P75 IQR band

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.

Market Employment Trend

YoY Growth:-0.2%
Avg Weekly Wage:$1,716

December 2025 • Source: BLS QCEW

Economic Indicators

30-Yr Mortgage:6.47%
CPI Inflation (YoY):4.2%

Source: FRED

Market Demographics

Census ACS 2024
Population718,877
Median Income$95k↑ 27%
College Educated49.7%↑ 16.3pp
Median Age35.3 yrs
Median Home Value$616k
Unemployment4.9%↑ 1.3pp

2024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau

Sold Comps

Q1 2026
Median $/SF$172
Avg $/SF$188
25th–75th Percentile$142 – $226
Sample Size14 transactions
CountyDenver

Source: denver_assessor_co · County FIPS: 08031

Assumptions
  • Market comparison: office in denver, CO

More Office for Lease in Denver, CO(5)

Contact Broker

Caitlin Ellenson

Listed by

Cushman & Wakefield