Centennial Hills Office Space

Centennial Hills

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Centennial Hills Rates

On average, listings lease in the $20's per square foot per year. The Centennial Hills region is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 12% decrease in rent.

Compared to the rest of the Las Vegas–Henderson–Paradise market, the Centennial Hills submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.

Centennial Hills Listing Supply

In the last 90 days, 35 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the office spaces in the Centennial Hills are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,500 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 2005 and are Class B.

Centennial Hills Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Centennial Hills occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.