The typical asking rate per listing is in the $10's per square foot per year. The Gilroy region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Silicon Valley market, the Gilroy region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 206 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the available space in the Gilroy 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.
The standard measurement for office space in this area is around 1,510 sqft. Most buildings in this market are close to 1 floors. Most buildings in this area were built in 1920 and are Class A.
Real time and historical data on commercial real estate listings in Gilroy.
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