On average, listings lease in the $50's per square foot per year. The Downtown San Jose region is experiencing a a boost in rates. In the last 3 months, the median rate went up $18 per sqft per year. That's a 44% increase in rent.
Compared to the rest of the Silicon Valley market, the Downtown San Jose submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 48 listings have been made available, so you'll want to check back regularly for new listings. About 90% of the available space in the Downtown San Jose 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 4,160 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 6 stories. Most buildings in this market were built in 1975 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 folk of Downtown San Jose work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.