Most listings are in the $60's per square foot per year. The Serramonte submarket is going through a a boost in rates. In the last 3 months, the median rate went up $61 per sqft per year.
Compared to the rest of the Silicon Valley market, the Serramonte region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 2 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 250% of the listings in the Serramonte 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most buildings in this area are approximately 5 floors. Most buildings in this market were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Serramonte occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.