Most listings are in the $50's per square foot per year. The Miramonte-Springer submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $24 per sqft per year. That's a 30% decrease in rent.
Compared to the rest of the Silicon Valley market, the Miramonte-Springer submarket has greater 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 posted online, which means spaces are probably leasing quickly. 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 1,400 sqft. Most properties in this market are approximately 3 stories. Most buildings in this region were built in 1974 and are Class A.
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 walking is the most popular way to get to work amongst Miramonte-Springer folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.