Most listings are in the $50's per square foot per year. The Serramonte region is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Silicon Valley market, the Serramonte region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 6 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. 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 2,700 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 5 floors. Most buildings in this market were built in 1980 and are Class B.
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 region. Commute by walking is the most popular way to get to work amongst Serramonte residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.