The typical asking rate per listing is in the $60's per square foot per year. The Sierra Point submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $16 per sqft per year. That's a 34% increase in rent.
Compared to the rest of the Silicon Valley market, the Sierra Point region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have been made available, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% of the available space in the Sierra Point 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 14,840 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 5 stories. Most buildings in this region were built in 1989 and are Class A.
Public administration is the dominant industry in this region. Most of the residents of Sierra Point work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.