The typical asking rate per listing is in the $90's per square foot per year. The Heritage District region is seeing a a boost in rates. In the last 3 months, the median rate rose $94 per sqft per year.
Compared to the rest of the Silicon Valley market, the Heritage District region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 13 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 54% of the available space in the Heritage District 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 21,120 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 5 stories. 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 market. Commute by bike is the most popular way to get to work amongst Heritage District residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.