On average, listings lease in the $70's per square foot per year. The Monta Loma-Farley-Rock submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $14 per sqft per year. That's a 25% increase in rent.
Compared to the rest of the Silicon Valley market, the Monta Loma-Farley-Rock region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 2 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 200% of the listings in the Monta Loma-Farley-Rock 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 6,100 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this area were built in 1968 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 area. Commute by motorcycle is the most popular way to get to work amongst Monta Loma-Farley-Rock residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.