Most listings are in the $70's per square foot per year. The Centennial region is experiencing a decline in rates. In the last 3 months, the median rate decreased $20 per sqft per year. That's a 20% decline in rent.
Compared to the rest of the Silicon Valley market, the Centennial submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available leases in the Centennial are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 480 sqft. Most properties in this region are around 2 stories. Most buildings in this area were built in 1962 and are Class B.
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 area. Commute by walking is the most popular way to get to work amongst Centennial folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.