On average, listings lease in the $50's per square foot per year. The El Camino Real Gateway Corridor submarket is going through a a rise in rates. In the last 3 months, the median rate rose $55 per sqft per year.
Compared to the rest of the Silicon Valley market, the El Camino Real Gateway Corridor submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,480 sqft. Most properties in this area are approximately 5 floors. Most buildings in this market 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 region. Commute by walking is the most popular way to get to work amongst El Camino Real Gateway Corridor occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.