On average, listings lease in the $20's per square foot per year. The Gilroy submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $21 per sqft per year.
Compared to the rest of the Silicon Valley market, the Gilroy submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 29 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 38% of the listings in the Gilroy 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,010 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this region were built in 1914 and are Class A.