Most listings are in the $90's per square foot per year. The University South region is experiencing a decline in rates. In the last 3 months, the median rate fell $32 per sqft per year. That's a 26% decline in rent.
Compared to the rest of the Silicon Valley market, the University South submarket has more expensive 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 made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available leases in the University South 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,790 sqft, there are still 0 new listings below 2,000 sqft. Most properties 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 market. Most of the residents of University South work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.