On average, listings lease in the $50's per square foot per year. The El Quito region is experiencing a a boost in rates. In the last 3 months, the median rate increased $55 per sqft per year.
Compared to the rest of the Silicon Valley market, the El Quito region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 1 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the office spaces in the El Quito 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 15,160 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 1 stories. Most buildings in this market were built in 1985 and are Class A.
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 El Quito occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.