On average, listings lease in the $100's per square foot per year. The Staumbaugh-Heller region is experiencing a a boost in rates. In the last 3 months, the median rate went up $101 per sqft per year.
Compared to the rest of the Silicon Valley market, the Staumbaugh-Heller region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 25% of the listings in the Staumbaugh-Heller 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,130 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this area were built in 1975 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Staumbaugh-Heller residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.