On average, listings lease in the $60's per square foot per year. The Central Campbell region is seeing a a rise in rates. In the last 3 months, the median rate rose $21 per sqft per year. That's a 44% increase in rent.
Compared to the rest of the Silicon Valley market, the Central Campbell region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 13 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 15% of the listings in the Central Campbell 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,900 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Central Campbell residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.