Serramonte Retail

Serramonte

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$61
Median Size (sqft)
1,000
As of: July 25, 2017

Serramonte Rates

On average, listings lease in the $60's per square foot per year. The Serramonte region is going through a a boost in rates. In the last 3 months, the median rate increased $61 per sqft per year.

Compared to the rest of the Silicon Valley market, the Serramonte region has higher rates, and you'll need to make a great offer to be in this hot submarket.

Serramonte Listing Supply

In the last 90 days, 2 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 200% of the available leases in the Serramonte 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 1,000 sqft. Most properties in this market are approximately 5 stories. Most buildings in this region were built in 1980 and are Class B.

Serramonte Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Serramonte occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Serramonte.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Serramonte.
Research