The typical asking rate per listing is in the $70's per square foot per year. The Hillsdale region 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 Hillsdale region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 13 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 15% of the available space in the Hillsdale are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 33,580 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 4 floors. Most buildings in this market were built in 2015 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Hillsdale residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.