The typical asking rate per listing is in the $30's per square foot per year. The River Road - Santa Clara submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $16 per sqft per year. That's a 89% increase in rent.
In the last 90 days, 2 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 posted, so finding a space for a small business might be tough.
Even though the median size is 16,200 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this area were built in 1997 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Most of the occupants of River Road - Santa Clara work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.