On average, listings lease in the $60's per square foot per year. The Sierra Point region 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 higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 7 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available space in the Sierra Point are subleases, so you might be able to find a shorter term or below market rent. 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 20,120 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 5 stories. Most buildings in this market were built in 1989 and are Class A.
Public administration is the dominant industry in this region. Most of the occupants 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.