The typical asking rate per listing is in the $80's per square foot per year. The Town Center region is experiencing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Silicon Valley market, the Town Center submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 16,700 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 4 stories. Most buildings in this region were built in 1993 and are Class A.
This market is fairly equally mixed residential and commercial. Health care is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Town Center folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.