Commercial Real Estate Market in Centennial, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
100 active listings and 1,219 off-market properties in Centennial, CO. Commercial property asks $152/SF to buy (based on 8 listings) and $20.50/SF/Yr to lease.
Market Trends
Centennial, CO spans 91.6 square miles in Arapahoe County, Colorado. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Centennial, CO has a median asking sale price of $152/SF (based on 6 listings). Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Retail
Retail vacancy in Centennial, CO runs 5.8% across the West region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Centennial, CO runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Multifamily
Multifamily vacancy in Centennial, CO runs 8.6% across the West region in 2025, up from 7% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Open space 72.6%
- Industrial 13.3%
- Mixed use 6%
- Residential 2.7%
- Civic 2.6%
- Planned_development 1.8%
- Commercial 0.5%
Largest Zones share of zoned land by district
Centennial, CO zones 16,038 acres across 31 districts. Commercial zoning covers 0.5% of zoned land, residential 2.7%, open space 72.6% and industrial 13.3%. The largest single district is Neighborhood Conservation at 18.1%. For commercial buyers the practical constraint is that only 13.9% of land carries a commercial or industrial designation.
The purpose of NC zone is to preserve integrity of existing neighborhoods.
Market overview
Demographics & Economy
Centennial, CO has 255,769 residents in 100,932 households. Density runs 2,792 people per square mile. Median household income here is $128,732 and median gross rent $2,098 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Aurora | $218 | $18.00 |
| Englewood | $300 | $19.50 |
| Highlands Ranch | $264 | $22.00 |
Commercial property in Centennial, CO asks $152/SF. The 3 bordering markets run from $218/SF in Aurora to $300/SF in Englewood, and the city sits below their $264/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Centennial?
How much does it cost to lease commercial space in Centennial?
How does Centennial compare to nearby markets on price?
What zoning applies to commercial property in Centennial?
Where does Realmo's Centennial market data come from?
Methodology & data sources
- Asking prices and medians
- There are 38 active for-sale and 62 active for-lease listings in Centennial, CO. The medians are based on 8 of the for-sale and 10 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 16,038 zoned acres across 31 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
