Centennial Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Centennial is $24.08 per square foot, 2.29% higher compared to the previous year.
  • The average sale price for office space in Centennial is $133.37 per square foot, marking an increase of 40.11% compared to 2024.
  • The market’s vacancy rate stands at 16.48%, lower than the state average of Colorado, which is 17.03%.

2025 Office Space Rent & Sales

  • $24.08 2025 Avg. Asking Rent
  • 2.29% Y-o-Y Avg. Asking Rent Change
  • 16.48% 2025 Office Vacancy Rate
  • $111.4M2025 Total Office Sales
  • $133.37Avg. Sale Price/SF

What is the average asking rent price for office space in Centennial?

Average asking rents for office space here stand at $24.08 per square foot. The local office market recorded an average vacancy rate of 16.48% in 2025, unchanged from 16.48% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $111.4M across 7 sales. These transactions commanded an average sale price per square foot of $133.37.

Centennial, CO Office Asking Rents by Class

What is the average office rent per square foot by property class in CO?

  • Avg. Asking Rent Class A & A+$36.26
  • Avg. Asking Rent Class B$23.35
  • Avg. Asking Rent Class C$18.67

For comparison, the average rent for Class A and A+ office space in Colorado was $36.26 per square foot. The state-wide average for Class B space was $23.35 per square foot, and Class C office spaces averaged $18.67 per square foot.

Centennial, CO Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Centennial was Centennial at 18.47%. Meanwhile, the highest office vacancy rate in the market was 25.84%, recorded in Denver Tech Center.
Submarket Asking Rents Vacancy Rates
Denver Tech Center $31.31 25.84%
Centennial $22.47 18.47%
Aurora $21.87 20.11%
Data provided by Yardi Research

Explore Top Office Markets in Colorado

2025 Office Sales Volume

  • $133.372025 Avg. Price per SF
  • 40.11%Y-o-Y Avg. PpSF Change
  • $111.4M2025 Office Sales Volume
  • 72025 Number of Transactions

What is the average sale price per square foot for office space in Centennial?

Average sale prices for office space in this market recorded a +40.11% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $133.37 per square foot. For comparison, the statewide Colorado average during the same time period stood at $109.34 per square foot, while the national average was $182.48 per square foot.

Centennial, CO Sale Price per SF Trend

  • Centennial Avg. Sale Price per SF in 2025$133.37
  • Colorado Avg. Sale Price per SF in 2025$109.34

What was the total office sales volume in Centennial in 2025?

The local office market recorded 7 deals in 2025, adding up to a yearly sales volume of $111.4M.

  • Centennial, CO Total Office Sales Volume in 2025 $111.4M
  • Centennial, CO Total Number of Office Sales Closed in 2025 7
Data provided by Yardi Research

Office Construction in Centennial, CO

What are the largest recent office completions in Centennial?

The largest recent office completion here is Peakview Tower at 264,149 square feet, completed in 2000. The next largest completions are INOVA Dry Creek - Building 2 and INOVA Dry Creek - Building 1.

Office building Address SF Completed
INOVA Dry Creek - Building 2 10825 East Geddes Avenue, 80112 222,083 2018
INOVA Dry Creek - Building 1 7250 South Havana Street, 80112 211,578 2017
3,441 SF office condo with high end finishes throughout 7384 South Alton Way #203-204, 80112 3,441 2007
3,441 SF office condo with high end finishes throughout 7384 South Alton Way #203-204, 80112 3,441 2007
3,350 SF Office Condo with high quality finishes 7374 South Alton Way #101-102, 80112 3,350 2007
3,350 SF Office Condo with high quality finishes 7374 South Alton Way #101-102, 80112 3,350 2007
Peakview Tower 6465 Greenwood Plaza Blvd, 80111 264,149 2000
Waterview II 9155 E Nichols Ave, 80112 99,549 1999
Burns & Wilcox Center 7807 East Peakview Avenue, 80111 96,269 1999
Revere Corporate Center 6377 South Revere Pkwy, 80111 63,364 1999
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.