Most listings are in the $30's per square foot per year. The The Old Quad region is seeing a decrease in rates. In the last 3 months, the median rate decreased $36 per sqft per year. That's a 50% decrease in rent.
Compared to the rest of the Silicon Valley market, the The Old Quad region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 6 listings have come on the market, which means new availabilities most likley are going fast. 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.
The standard measurement for office space in this area is around 1,330 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 1975 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst The Old Quad occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.