On average, listings lease in the $30's per square foot per year. The Chess region is experiencing a a rise in rates. In the last 3 months, the median rate rose $30 per sqft per year.
Compared to the rest of the Silicon Valley market, the Chess submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 2 listings have been listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 126,350 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this market were built in 1972 and are Class A.
Public administration is the dominant industry in this area. Most of the occupants of Chess work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.