Most listings are 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 fell $6 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Silicon Valley market, the Pruneyard submarket 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 come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the listings in the Pruneyard 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 9,480 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 17 floors. Most buildings in this region 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 residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.