On average, listings lease in the $50's per square foot per year. The East Campbell submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 24% decline in rent.
Compared to the rest of the Silicon Valley market, the East Campbell region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 8 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available space in the East Campbell 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 posted, so finding a space for a small business might be tough.
Even though the median size is 9,480 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 5 stories. Most buildings in this area were built in 1984 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst East Campbell folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.