On average, listings lease in the $30's per square foot per year. The Lakewood region is seeing a decrease in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 22% decrease in rent.
Compared to the rest of the Silicon Valley market, the Lakewood submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 5 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 60% of the available space in the Lakewood are subleases, so you might be able to snag a great spot on a short term. 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 21,900 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this region were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Lakewood folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.