University South Sublease

University South

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$91
Median Size (sqft)
2,790
As of: February 24, 2017

University South Rates

The typical asking rate per listing is in the $90's per square foot per year. The University South submarket is going through a decrease in rates. In the last 3 months, the median rate fell $32 per sqft per year. That's a 26% decrease in rent.

Compared to the rest of the Silicon Valley market, the University South submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.

University South Listing Supply

In the last 90 days, 9 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 56% of the available leases in the University South 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 2,790 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this area were built in 1962 and are Class B.

University South Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Most of the residents of University South work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in University South.
Market Report

Market Data

Real time and historical data on commercial real estate listings in University South.
Research