The typical asking rate per listing is 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 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 most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 64% 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 available, 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 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 market. 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.