The typical asking rate per listing is in the $90's per square foot per year. The Town Center submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $30 per sqft per year. That's a 48% rise in rent.
Compared to the rest of the Silicon Valley market, the Town Center region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 83 listings have been listed, so you'll want to check back regularly for new listings. About 10% of the available space in the Town Center are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,680 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 4 stories. 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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