On average, listings lease in the $60's per square foot per year. The Serramonte region is going through a a rise in rates. In the last 3 months, the median rate went up $10 per sqft per year. That's a 18% rise in rent.
Compared to the rest of the Silicon Valley market, the Serramonte region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 2 listings have been listed, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available leases in the Serramonte 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 6,390 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 5 floors. Most buildings in this area were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Serramonte folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.