On average, listings lease in the $40's per square foot per year. The Los Gatos region is seeing a decline in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 25% decline in rent.
Compared to the rest of the Silicon Valley market, the Los Gatos region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 4 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 4,760 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 1 floors. Most buildings in this market were built in 1982 and are Class B.