On average, listings lease in the $90's per square foot per year. The Evergreen Park region is experiencing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Silicon Valley market, the Evergreen Park region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 8 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the listings in the Evergreen Park 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,590 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this market were built in 1978 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 region. Commute by car is the most popular way to get to work amongst Evergreen Park residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.