The typical asking rate per listing is in the $70's per square foot per year. The The Old Quad region is going through a an increase in rates. In the last 3 months, the median rate increased $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 greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 65 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available leases in the The Old Quad are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 140 sqft. Most buildings in this region are around 2 stories. Most buildings in this market 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 residents. 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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