On average, listings lease in the $120's per square foot per year. The Central Mountain View region is experiencing a an increase in rates. In the last 3 months, the median rate increased $31 per sqft per year. That's a 33% increase in rent.
Compared to the rest of the Silicon Valley market, the Central Mountain View region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 27 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 11% of the available space in the Central Mountain View are subleases, so you might be able to find a shorter term or below market rent. 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 7,200 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built in 1981 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. Most of the residents of Central Mountain View work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.