Most listings are in the $70's per square foot per year. The Town Center submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the Silicon Valley market, the Town Center region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 6 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the available space in the Town Center 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.
Even though the median size is 16,380 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 4 floors. Most buildings in this area were built in 1993 and are Class A.
This region is fairly equally mixed residential and commercial. Health care is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Town Center residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.