The typical asking rate per listing is in the $50's per square foot per year. The Town Center region is experiencing a a boost in rates. In the last 3 months, the median rate increased $59 per sqft per year.
Compared to the rest of the Silicon Valley market, the Town Center submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 567% of the listings in the Town Center 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.
Even though the median size is 18,190 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 4 floors. Most buildings in this market were built in 1993 and are Class A.
Health care is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Town Center residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.