Most listings are in the $60's per square foot per year. The East Los Gatos submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $23 per sqft per year. That's a 58% rise in rent.
Compared to the rest of the Silicon Valley market, the East Los Gatos region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 7 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,340 sqft. Most properties in this area are close to 2 stories. Most buildings in this market were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst East Los Gatos residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.