Most listings are in the $60's per square foot per year. The East Los Gatos submarket is going through a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Silicon Valley market, the East Los Gatos region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 5 listings have come on the market, which means listings are probably 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.
Even though the median size is 6,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area 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 region. Commute by walking is the most popular way to get to work amongst East Los Gatos residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.