On average, listings lease in the $40's per square foot per year. The Los Gatos submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 14% decrease in rent.
Compared to the rest of the Silicon Valley market, the Los Gatos region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 129 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the available space in the Los Gatos are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,140 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this area were built in 1982 and are Class B.
Real time and historical data on commercial real estate listings in Los Gatos.
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