Most listings are in the $90's per square foot per year. The Town Center submarket is going through a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Silicon Valley market, the Town Center submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 2 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 50% of the listings in the Town Center 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.
Even though the median size is 14,560 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 4 stories. Most buildings in this region were built in 1986 and are Class A.
This market is fairly equally mixed residential and commercial. Health care is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Town Center residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.