The typical asking rate per listing is in the $50's per square foot per year. The Los Gatos submarket is going through a a boost in rates. In the last 3 months, the median rate went up $51 per sqft per year.
Compared to the rest of the Silicon Valley market, the Los Gatos region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 9 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 67% of the office spaces in the Los Gatos 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.
The standard measurement for office space in this area is around 940 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this area were built in 1982 and are Class B.