On average, listings lease in the $50's per square foot per year. The El Camino Real Gateway Corridor submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 19% increase in rent.
Compared to the rest of the Silicon Valley market, the El Camino Real Gateway Corridor submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 33 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 12% of the available space in the El Camino Real Gateway Corridor are subleases, so you might be able to snag a great spot on a short term. 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 3,780 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 5 floors. Most buildings in this region were built in 1974 and are Class C.
This market is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst El Camino Real Gateway Corridor folk. 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 El Camino Real Gateway Corridor.
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