Most listings are in the $50's per square foot per year. The Monta Loma-Farley-Rock submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Silicon Valley market, the Monta Loma-Farley-Rock submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 2 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,940 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 1 floors. Most buildings in this region were built in 1970 and are Class A.
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 motorcycle is the most popular way to get to work amongst Monta Loma-Farley-Rock residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.