The typical asking rate per listing is in the $40's per square foot per year. The Downtown San Jose submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Silicon Valley market, the Downtown San Jose submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 42 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the available space in the Downtown San Jose are subleases, so you will probably have to consider a longer term lease. 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 2,880 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 6 floors. Most buildings in this area were built in 1980 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 market. Most of the folk of Downtown San Jose work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.