On average, listings lease in the $10's per square foot per year. The River Road - Santa Clara submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 15% decrease in rent.
In the last 90 days, 3 listings have been listed, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,180 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market were built in 1997 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 region. Most of the folk of River Road - Santa Clara work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.