Most listings are in the $50's per square foot per year. The El Quito region is seeing a a rise in rates. In the last 3 months, the median rate increased $16 per sqft per year. That's a 40% rise in rent.
Compared to the rest of the Silicon Valley market, the El Quito region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 6 listings have been made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 100% of the office spaces in the El Quito 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,850 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this market were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst El Quito occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.