The typical asking rate per listing is in the $50's per square foot per year. The Central San Jose submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Silicon Valley market, the Central San Jose submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 53 listings have been made available, so you'll want to check back regularly for new listings. About 115% of the office spaces in the Central San Jose are subleases, so you might be able to find a shorter term or below market rent. 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 4,160 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 3 floors. Most buildings in this region were built in 1974 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Central San Jose residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.