On average, listings lease in the $30's per square foot per year. The Chess region is going through a an increase in rates. In the last 3 months, the median rate increased $30 per sqft per year.
Compared to the rest of the Silicon Valley market, the Chess submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 2 listings have been listed, which means office spaces most likley are going fast. 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.
Even though the median size is 126,350 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 1972 and are Class A.
Public administration is the dominant industry in this market. Most of the occupants of Chess 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.