On average, listings lease in the $10's per square foot per year. The River Road - Santa Clara region is seeing a decrease in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 47% decline in rent.
In the last 90 days, 3 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 4,900 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market 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 area. Most of the residents 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.