Centennial Hills Retail

Centennial Hills

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 22, 2016

Centennial Hills Rates

The typical asking rate per listing is in the $20's per square foot per year. The Centennial Hills region is seeing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 21% decline in rent.

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

Centennial Hills Listing Supply

In the last 90 days, 13 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 8% of the listings in the Centennial Hills are subleases, so you will probably have to focus your search on direct office leases. 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 1,710 sqft. Most properties in this region are close to 2 floors. Most buildings in this area 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 market. Commute by public transit is the most popular way to get to work amongst Centennial Hills folk. Commuting approximately 20 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 Hills.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Centennial Hills.