On average, listings lease in the $60's per square foot per year. The East Los Gatos submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Silicon Valley market, the East Los Gatos region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 6 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. 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 1,340 sqft. Most properties in this area 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 folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.