Most listings are in the $80's per square foot per year. The Town Center region is going through a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Silicon Valley market, the Town Center submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 8 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. 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 16,700 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 4 stories. Most buildings in this area were built in 1993 and are Class A.
This area is fairly equally mixed residential and commercial. Health care is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Town Center residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.