On average, listings lease in the $50's per square foot per year. The El Quito submarket is going through a an increase in rates. In the last 3 months, the median rate increased $16 per sqft per year. That's a 40% increase in rent.
Compared to the rest of the Silicon Valley market, the El Quito submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 6 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the listings in the El Quito 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,850 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 1 floors. Most buildings in this area were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst El Quito residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.