On average, listings lease in the $70's per square foot per year. The Pruneyard region is going through a an increase in rates. In the last 3 months, the median rate rose $71 per sqft per year.
Compared to the rest of the Silicon Valley market, the Pruneyard region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the office spaces in the Pruneyard 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this market are close to 17 stories. Most buildings in this area were built in 1974 and are Class A.
Wholesale trade is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Pruneyard folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.