The typical asking rate per listing is in the $90's per square foot per year. The Town Center region is seeing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Silicon Valley market, the Town Center submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the office spaces 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 posted, so finding a space for a small business might be tough.
Even though the median size is 14,560 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 4 floors. Most buildings in this market were built in 1986 and are Class A.
This market is fairly equally mixed residential and commercial. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Town Center occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.