Sierra Point Sublease

Sierra Point

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
14,840
As of: July 21, 2017

Sierra Point Rates

Most listings are in the $60's per square foot per year. The Sierra Point region is going through a a rise in rates. In the last 3 months, the median rate went up $16 per sqft per year. That's a 34% rise in rent.

Compared to the rest of the Silicon Valley market, the Sierra Point submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.

Sierra Point Listing Supply

In the last 90 days, 5 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 20% of the available leases in the Sierra Point are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 14,840 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 5 floors. Most buildings in this region were built in 1989 and are Class A.

Sierra Point Community

Public administration is the dominant industry in this area. Most of the occupants of Sierra Point work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Sierra Point.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Sierra Point.
Research

Brisbane Submarkets