Most listings are in the $40's per square foot per year. The Serra submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $48 per sqft per year.
Compared to the rest of the Silicon Valley market, the Serra submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the listings in the Serra 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,840 sqft. Most buildings in this market were built in 1973 and are Class B.
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 region. Commute by public transit is the most popular way to get to work amongst Serra residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.