Most listings are in the $60's per square foot per year. The City Center submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $67 per sqft per year.
Compared to the rest of the Silicon Valley market, the City Center region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 5 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available leases in the City Center 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 6,110 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this area were built in 1984 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Professional services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst City Center folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.