Heritage District Sublease

Heritage District

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$94
Median Size (sqft)
21,120
As of: March 29, 2017

Heritage District Rates

The typical asking rate per listing is in the $90's per square foot per year. The Heritage District region is experiencing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 3% rise in rent.

Compared to the rest of the Silicon Valley market, the Heritage District submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Heritage District Listing Supply

In the last 90 days, 13 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 38% of the office spaces in the Heritage District 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 posted, so finding a space for a small business might be tough.

Even though the median size is 12,830 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 5 stories. Most buildings in this market were built in 1986 and are Class B.

Heritage District Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Heritage District occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Heritage District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Heritage District.
Research