Most listings are in the $40's per square foot per year. The Los Gatos submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the Silicon Valley market, the Los Gatos submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 9 listings have been listed, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 67% of the office spaces in the Los Gatos are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,140 sqft. Most buildings in this area are approximately 1 stories. Most buildings in this area were built in 1982 and are Class B.