On average, listings lease in the $60's per square foot per year. The Serramonte region is going through a an increase in rates. In the last 3 months, the median rate rose $10 per sqft per year. That's a 18% rise in rent.
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 submarket.
In the last 90 days, 3 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 620 sqft. Most properties in this region are approximately 5 floors. Most buildings in this market were built in 1980 and are Class B.
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 area. Commute by walking is the most popular way to get to work amongst Serramonte occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.