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Most commerial real estate listings for lease are in the $40's per square foot per year. The Creekside submarket is experiencing a decrease in rates. In the last 3 months, the median rate for lease fell $2 per sqft per year.
Compared to the rest of the Silicon Valley commercial real estate market, the Creekside region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 33 commercial real estate listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the commercial real estate listings in the Creekside are subleases, so you will probably have to focus your search on direct leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard size for office space in this area is around 1,800 sqft. Most buildings in this market are close to 5 stories. Most buildings in this region were built approximately 1989 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Creekside folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Creekside.
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