Serramonte Sublease

Serramonte

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$61
Median Size (sqft)
1,000
As of: June 23, 2017

Serramonte Rates

The typical asking rate per listing is in the $60's per square foot per year. The Serramonte submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $61 per sqft per year.

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

Serramonte Listing Supply

In the last 90 days, 2 listings have been listed, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 250% of the listings in the Serramonte 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,000 sqft. Most buildings in this region are around 5 floors. Most buildings in this area were built in 1980 and are Class B.

Serramonte Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Serramonte residents. Commuting approximately an hour 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 Serramonte.
Market Report

Market Data

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