On average, listings lease in the $20's per square foot per year. The Prospect Hill region is going through a an increase in rates. In the last 3 months, the median rate increased $25 per sqft per year.
In the last 90 days, 3 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the Prospect Hill 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,840 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 2 floors. Most buildings in this area were built in 1948 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Most of the occupants of Prospect Hill 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.