On average, listings lease in the $90's per square foot per year. The Town Center submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $30 per sqft per year. That's a 48% rise in rent.
Compared to the rest of the Silicon Valley market, the Town Center submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 83 listings have been posted online, so you'll want to check back regularly for new listings. About 11% of the available space in the Town Center are subleases, so you might be able to snag a great spot on a short term. 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 3,680 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 4 floors. Most buildings in this market were built in 1993 and are Class A.
Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Town Center residents. Commuting close to 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 Town Center.
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