Most listings are in the $50's per square foot per year. The East Los Gatos region is experiencing a decrease in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 18% decrease in rent.
Compared to the rest of the Silicon Valley market, the East Los Gatos submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 7 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 740 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this market were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst East Los Gatos occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.