The typical asking rate per listing is in the $30's per square foot per year. The Vermont-McKendrie region is experiencing a a boost in rates. In the last 3 months, the median rate rose $31 per sqft per year.
Compared to the rest of the Silicon Valley market, the Vermont-McKendrie region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 27 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,310 sqft. Most buildings in this area are around 4 stories. Most buildings in this area were built in 1966 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Vermont-McKendrie occupants. Commuting around 15 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 Vermont-McKendrie.
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