Compared to the rest of the Silicon Valley market, the Heritage District region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 13 listings have been made available, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 62% of the office spaces in the Heritage District 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 posted, so finding a space for a small business might be tough.
Even though the median size is 21,120 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 5 floors. Most buildings in this region were built in 1986 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Heritage District folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.