On average, listings lease in the $50's per square foot per year. The El Quito region is going through a a boost in rates. In the last 3 months, the median rate increased $55 per sqft per year.
Compared to the rest of the Silicon Valley market, the El Quito submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 100% of the available space in the El Quito are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 15,160 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this region were built in 1985 and are Class A.
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 region. Commute by car is the most popular way to get to work amongst El Quito folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.