The typical asking rate per listing is in the $100's per square foot per year. The Evergreen Park submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Silicon Valley market, the Evergreen Park region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available space in the Evergreen Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,830 sqft. Most properties in this region are close to 4 floors. Most buildings in this area were built in 1981 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Evergreen Park residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.