Saratoga Retail

Saratoga

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$55
Median Size (sqft)
2,990
As of: October 1, 2016

Saratoga Rates

On average, listings lease in the $50's per square foot per year. The Saratoga region is going through a a rise in rates. In the last 3 months, the median rate went up $16 per sqft per year. That's a 40% rise in rent.

Compared to the rest of the Silicon Valley market, the Saratoga submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.

Saratoga Listing Supply

In the last 90 days, 10 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 60% of the office spaces in the Saratoga 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 2,990 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 1 stories. Most buildings in this region were built in 1985 and are Class A.

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