The typical asking rate per listing is in the $70's per square foot per year. The The Old Quad submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $40 per sqft per year. That's a 100% rise in rent.
Compared to the rest of the Silicon Valley market, the The Old Quad submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 65 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the listings in the The Old Quad 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 140 sqft. Most buildings in this area are around 2 floors. Most buildings in this area were built in 1988 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst The Old Quad 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 The Old Quad.
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