On average, listings lease in the $20's per square foot per year. The North Valley submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 14% decline in rent.
In the last 90 days, 35 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the North Valley are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, 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 region are around 2 floors. Most buildings in this area were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst North Valley residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.