On average, listings lease in the $70's per square foot per year. The Belmont submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $78 per sqft per year.
Compared to the rest of the Silicon Valley market, the Belmont submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 11 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,380 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 4 floors. Most buildings in this area were built in 2000 and are Class B.