Most listings are in the $60's per square foot per year. The Serramonte submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $10 per sqft per year. That's a 18% increase in rent.
Compared to the rest of the Silicon Valley market, the Serramonte submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 25% of the available leases in the Serramonte are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 800 sqft. Most buildings in this region are approximately 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 area. 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.