On average, listings lease in the $60's per square foot per year. The Cupertino submarket is going through a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Silicon Valley market, the Cupertino region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 14 listings have been made available, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 29% of the available leases in the Cupertino are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,200 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 1984 and are Class B.