On average, listings lease in the $30's per square foot per year. The Lucas Valley submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $36 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Bay Area market, the Lucas Valley region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 9 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 470 sqft. Most buildings in this area were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Lucas Valley occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.