Most listings are in the $80's per square foot per year. The Hillsdale submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $20 per sqft per year. That's a 31% rise in rent.
Compared to the rest of the Silicon Valley market, the Hillsdale region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 31 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the listings in the Hillsdale are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 18,200 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 4 floors. Most buildings in this market were built in 2015 and are Class A.
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 area. Commute by motorcycle is the most popular way to get to work amongst Hillsdale occupants. Commuting more than an hour and a half 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 Hillsdale.
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