Most listings are in the $50's per square foot per year. The Gateway region is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Silicon Valley market, the Gateway region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 5 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 40% of the office spaces in the Gateway are subleases, so you might be able to snag a great spot on a short term. 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 8,880 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 5 stories. Most buildings in this market were built in 1998 and are Class A.
Public administration is the dominant industry in this region. Most of the residents 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.