On average, listings lease in the $0's per square foot per year. The East of 101 submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $27 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 4 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 100% of the office spaces in the East of 101 are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 530 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 1983 and are Class A.
Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst East of 101 residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.