Town Center Office Space

Town Center

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
33,160
As of: July 23, 2017

Town Center Rates

Most listings are in the $60's per square foot per year. The Town Center region is going through a an increase in rates. In the last 3 months, the median rate went up $63 per sqft per year.

Compared to the rest of the Silicon Valley market, the Town Center region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Town Center Listing Supply

In the last 90 days, 3 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 433% of the office spaces in the Town Center 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.

Even though the median size is 19,190 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 4 floors. Most buildings in this region were built in 1993 and are Class A.

Town Center Community

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 close to 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Town Center.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Town Center.
Research