On average, listings lease in the $90's per square foot per year. The Town Center submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 16% rise in rent.
Compared to the rest of the Silicon Valley market, the Town Center region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 7 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 14% of the listings in the Town 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 16,700 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 4 stories. Most buildings in this area were built in 1993 and are Class A.
This region is fairly equally mixed residential and commercial. Health care is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Town Center occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.