On average, listings lease in the $60's per square foot per year. The Monta Loma-Farley-Rock submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $63 per sqft per year.
Compared to the rest of the Silicon Valley market, the Monta Loma-Farley-Rock submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available leases in the Monta Loma-Farley-Rock 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this region were built in 1970 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Monta Loma-Farley-Rock residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.