On average, listings lease in the $80's per square foot per year. The Staumbaugh-Heller submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $24 per sqft per year. That's a 40% increase in rent.
Compared to the rest of the Silicon Valley market, the Staumbaugh-Heller submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 25% of the listings in the Staumbaugh-Heller 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,380 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 1975 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Staumbaugh-Heller residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.