On average, listings lease in the $50's per square foot per year. The Gateway submarket is going through a a rise in rates. In the last 3 months, the median rate rose $55 per sqft per year.
Compared to the rest of the Silicon Valley market, the Gateway submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 5 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 160% of the available leases in the Gateway 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 available, so finding a space for a small business might be tough.
Even though the median size is 6,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 5 floors. Most buildings in this area were built in 1998 and are Class A.
Public administration is the dominant industry in this market. Most of the occupants of Gateway work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.