The typical asking rate per listing is in the $70's per square foot per year. The Hillsdale submarket is going through a an increase in rates. In the last 3 months, the median rate increased $78 per sqft per year.
Compared to the rest of the Silicon Valley market, the Hillsdale submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 10 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the listings in the Hillsdale are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 33,580 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 4 floors. Most buildings in this area were built in 2016 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Hillsdale residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.