Commercial Real Estate Market in Centennial, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
83 active listings and 1,219 off-market properties in Centennial, CO. Commercial property asks $244/SF to buy and $20.69/SF/Yr to lease.
Market Trends
Centennial, CO spans 91.6 square miles in Arapahoe County, Colorado. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Centennial, CO runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Centennial, CO runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
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%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Centennial, CO runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
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
Neighborhood Conservation
Neighborhood Conservation
Open Space And Recreation
Business Park 100
Neighborhood Conservation
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.
Neighborhood Conservation (NC6)
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.
255,769
Population
100,932
Households
2.5
Avg Household Size
39
Median Age
59%
College-Educated
96%
High-School Grad
91.6 sq mi
ZIP Area
2,792
Density / Sq Mi
$128,732
Median Household Income
$65,548
Median Earnings
$2,098
Median Rent
$662,963
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Aurora | — | $17.38 |
| Foxfield | — | — |
| Glendale | — | — |
| Cherry Hills Village | — | — |
Commercial property in Centennial, CO asks $244/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Centennial?
Commercial property in Centennial, CO asks an average of $244 per square foot. The 6 most recent recorded sales traded at a median of $273/SF.
How much does it cost to lease commercial space in Centennial?
Asking lease rates in Centennial, CO average $20.69 per square foot per year.
What zoning applies to commercial property in Centennial?
Centennial, CO zones 16,038 acres across 31 districts, of which 0.5% is commercial and 13.3% industrial. The largest single district is Neighborhood Conservation at 18.1% of zoned land. The purpose of NC zone is to preserve integrity of existing neighborhoods. Residential zoning covers 2.7% and open space 72.6%.
Where does Realmo's Centennial market data come from?
Realmo compiles Centennial, CO figures from 7 recent recorded sales, 33 active sale listings, 50 active lease listings, 1,219 tracked off-market properties, the current Centennial zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 33 active for-sale and 50 active for-lease listings in Centennial, CO. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- 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 August 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 August 2026 · report a data issue
