The typical asking rate per listing is in the $60's per square foot per year. The Monta Loma-Farley-Rock region is seeing a a rise in rates. In the last 3 months, the median rate increased $63 per sqft per year.
Compared to the rest of the Silicon Valley market, the Monta Loma-Farley-Rock submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 50% of the office spaces 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.
The standard measurement for office space in this area is around 2,500 sqft. Most properties in this market are approximately 1 floors. Most buildings in this market were built in 1970 and are Class A.
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 motorcycle is the most popular way to get to work amongst Monta Loma-Farley-Rock occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.