Most listings are in the $60's per square foot per year. The Hillsdale region is going through a decrease in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 19% decline in rent.
Compared to the rest of the Silicon Valley market, the Hillsdale region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 13 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 8% of the available leases in the Hillsdale are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,830 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this region were built in 2015 and are Class A.
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 area. Commute by motorcycle is the most popular way to get to work amongst Hillsdale occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.