Centennial Office Space

Centennial

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$83
Median Size (sqft)
1,340
As of: June 27, 2017

Centennial Rates

Most listings are in the $80's per square foot per year. The Centennial region is experiencing a a rise in rates. In the last 3 months, the median rate rose $83 per sqft per year.

Compared to the rest of the Silicon Valley market, the Centennial submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Centennial Listing Supply

In the last 90 days, 11 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 73% of the office spaces in the Centennial 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 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 1,340 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1975 and are Class B.

Centennial Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Centennial occupants. 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 Centennial.
Market Report

Market Data

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