The typical asking rate per listing is in the $90's per square foot per year. The Centennial submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $93 per sqft per year.
Compared to the rest of the Silicon Valley market, the Centennial region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 11 listings have been listed, which means new listings are probably going fast. 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.
Even though the median size is 6,300 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this market 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.