The typical asking rate per listing is in the $60's per square foot per year. The City Center submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $67 per sqft per year.
Compared to the rest of the Silicon Valley market, the City Center region has greater 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 most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available space in the City Center are subleases, so you might be able to snag a great spot on a short term. 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 6,110 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built in 1984 and are Class B.
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.