On average, listings lease in the $100's per square foot per year. The Evergreen Park submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $24 per sqft per year. That's a 19% decrease in rent.
Compared to the rest of the Silicon Valley market, the Evergreen Park region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 5 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available leases in the Evergreen Park are subleases, so you might be able to snag a great spot on a short term. 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 2,590 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 4 floors. Most buildings in this area 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 around an hour a day is the norm for those who opt to reside in this part of town.