Most listings are in the $20's per square foot per year. The Morgan Hill submarket is going through a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Silicon Valley market, the Morgan Hill submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 23 listings have been made available, which means 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,350 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 1 floors. Most buildings in this area were built in 1987 and are Class B.