Most listings are in the $30's per square foot per year. The Lakewood submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 22% decline in rent.
Compared to the rest of the Silicon Valley market, the Lakewood submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 9 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 78% of the office spaces in the Lakewood 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 posted, so finding a space for a small business might be tough.
Even though the median size is 21,900 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Lakewood folk. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.