Most listings are in the $70's per square foot per year. The Heritage District region is experiencing a decrease in rates. In the last 3 months, the median rate fell $20 per sqft per year. That's a 22% decrease in rent.
Compared to the rest of the Silicon Valley market, the Heritage District submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 11 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 36% of the listings in the Heritage District are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,100 sqft. Most properties in this region are approximately 5 floors. Most buildings in this region were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Heritage District residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.