The typical asking rate per listing is in the $40's per square foot per year. The Creekside submarket is going through a decline in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 20% decline in rent.
Compared to the rest of the Silicon Valley market, the Creekside region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 5 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 40% of the listings in the Creekside 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 15,300 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 5 floors. Most buildings in this area were built in 1989 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Creekside residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.