On average, listings lease in the $120's per square foot per year. The University South submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Silicon Valley market, the University South submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 11 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 18% of the listings in the University South 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,450 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this area were built in 1962 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Most of the occupants of University South work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.