On average, listings lease in the $60's per square foot per year. The Sierra Point submarket is going through a a boost in rates. In the last 3 months, the median rate rose $63 per sqft per year.
Compared to the rest of the Silicon Valley market, the Sierra Point region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have been made available, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 40% of the available leases in the Sierra Point 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.
The standard measurement for office space in this area is around 1,700 sqft. Most buildings in this area are close to 5 floors. Most buildings in this market were built in 1989 and are Class A.
Public administration is the dominant industry in this market. Most of the folk of Sierra Point work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.