On average, listings lease in the $40's per square foot per year. The Downtown San Jose submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Silicon Valley market, the Downtown San Jose submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 63 listings have come on the market, so you'll want to check back regularly for new listings. About 13% of the listings in the Downtown San Jose 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.
Even though the median size is 3,210 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 6 stories. Most buildings in this region 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. Utilities is the dominant industry in this market. Most of the occupants of Downtown San Jose work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.