The typical asking rate per listing is in the $50's per square foot per year. The Downtown San Jose submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Silicon Valley market, the Downtown San Jose submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 48 listings have come on the market, so you'll want to check back regularly for new listings. About 119% of the listings in the Downtown San Jose 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,290 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 6 floors. Most buildings in this market were built in 1978 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Most of the residents of Downtown San Jose work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.