Most listings are in the $50's per square foot per year. The Gateway submarket is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Silicon Valley market, the Gateway region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 5 listings have been listed, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 40% of the available space in the Gateway 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 8,880 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 5 floors. Most buildings in this market were built in 1998 and are Class A.
Public administration is the dominant industry in this market. Most of the residents of Gateway work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.