The typical asking rate per listing is in the $60's per square foot per year. The Pruneyard region is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Silicon Valley market, the Pruneyard region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 2 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 750% of the listings in the Pruneyard 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,140 sqft. Most buildings in this area are close to 17 stories. Most buildings in this area were built in 1973 and are Class A.
Wholesale trade is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Pruneyard occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.