On average, listings lease in the $70's per square foot per year. The Belmont submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $78 per sqft per year.
Compared to the rest of the Silicon Valley market, the Belmont submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 26 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,380 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 4 floors. Most buildings in this region were built in 2000 and are Class B.
Real time and historical data on commercial real estate listings in Belmont.
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