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On average, commerial real estate listings lease in the $10's per square foot per year. The Downtown San Jose submarket is experiencing a decline in rates. In the last 3 months, the median rate for lease decreased $35 per sqft per year.
Compared to the rest of the Silicon Valley commercial real estate market, the Downtown San Jose region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 676 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 0% of the available commercial real estate space in the Downtown San Jose are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 1,060 sqft. Most buildings in this area are close to 6 floors. Most buildings in this area were built around 1975 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Most of the residents of Downtown San Jose work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown San Jose.
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