On average, listings lease in the $50's per square foot per year. The Monta Loma-Farley-Rock 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 10% decline in rent.
Compared to the rest of the Silicon Valley market, the Monta Loma-Farley-Rock region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 2 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,940 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 1 floors. Most buildings in this area were built in 1970 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Monta Loma-Farley-Rock occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.