The typical asking rate per listing is in the $60's per square foot per year. The Sierra Point region is seeing a a rise in rates. In the last 3 months, the median rate went up $16 per sqft per year. That's a 34% increase in rent.
Compared to the rest of the Silicon Valley market, the Sierra Point region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 5 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 20% of the listings 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 14,840 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 5 stories. 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 residents 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.