On average, listings lease in the $40's per square foot per year. The Rose Garden submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Silicon Valley market, the Rose Garden region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 5 listings have been listed, which means office spaces might be leasing quickly. 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.
The standard measurement for office space in this area is around 520 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Rose Garden occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.