On average, listings lease in the $0's per square foot per year. The Morgan Hill submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $26 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 10 listings have been made available, which means spaces are probably 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,200 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 1 stories. Most buildings in this region were built in 1987 and are Class B.