On average, listings lease in the $60's per square foot per year. The Monta Loma-Farley-Rock submarket is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Silicon Valley market, the Monta Loma-Farley-Rock submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 71 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Monta Loma-Farley-Rock 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.
Even though the median size is 3,500 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 1 floors. Most buildings in this region were built in 1968 and are Class B.
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 region. Commute by motorcycle is the most popular way to get to work amongst Monta Loma-Farley-Rock folk. Commuting between 30 and 45 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 Monta Loma-Farley-Rock.
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