The typical asking rate per listing is in the $30's per square foot per year. The South Valley submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.
In the last 90 days, 2662 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the available space in the South Valley 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,330 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1979 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst South Valley occupants. 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 South Valley.
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