The typical asking rate per listing is in the $60's per square foot per year. The Cupertino region is experiencing a a boost in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 15% rise in rent.
Compared to the rest of the Silicon Valley market, the Cupertino submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 6 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 67% of the available space in the Cupertino 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,100 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 1984 and are Class B.