Most listings are in the $50's per square foot per year. The City Center submarket is seeing a decline in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 19% decrease in rent.
Compared to the rest of the Silicon Valley market, the City Center region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 47 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the available space in the City Center are subleases, so you will probably have to focus your search on direct office leases. 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 710 sqft. Most properties in this area are around 2 stories. Most buildings in this region were built in 1984 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst City Center occupants. Commuting under 5 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 City Center.
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