On average, listings lease in the $50's per square foot per year. The Central Campbell region is seeing a decrease in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 22% decline in rent.
Compared to the rest of the Silicon Valley market, the Central Campbell region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available space in the Central Campbell 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,930 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this region were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Central Campbell occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.