The typical asking rate per listing is in the $40's per square foot per year. The El Camino Real Gateway Corridor region is seeing a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 16% decline in rent.
Compared to the rest of the Silicon Valley market, the El Camino Real Gateway Corridor region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. 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 540 sqft. Most properties in this market are approximately 5 floors. Most buildings in this area were built in 1974 and are Class C.
This region is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst El Camino Real Gateway Corridor folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.