On average, listings lease in the $10's per square foot per year. The Stanford Industrial Park submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 10% decline in rent.
In the last 90 days, 12 listings have been made available, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,650 sqft. Most properties in this region are close to 1 stories. Most buildings in this area were built in 1977 and are Class B.
Information is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Stanford Industrial Park occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.