Centennial Retail

Centennial

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$87
Median Size (sqft)
2,140
As of: March 12, 2017

Centennial Rates

On average, listings lease in the $80's per square foot per year. The Centennial submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 5% rise in rent.

Compared to the rest of the Silicon Valley market, the Centennial region has more expensive 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 listed, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. 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 2,140 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1962 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 residents. 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