The typical asking rate per listing is in the $100's per square foot per year. The Evergreen Park submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Silicon Valley market, the Evergreen Park submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 2 listings have been made available, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 50% of the available space in the Evergreen Park 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 3,740 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 4 stories. Most buildings in this market were built in 1981 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Evergreen Park occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.