The typical asking rate per listing is in the $50's per square foot per year. The Los Gatos submarket is going through a decline in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Silicon Valley market, the Los Gatos region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 9 listings have been made available, which means leases might be 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 940 sqft. Most properties in this area are close to 1 floors. Most buildings in this region were built in 1982 and are Class B.