On average, listings lease in the $30's per square foot per year. The Lucas Valley region is experiencing a a boost in rates. In the last 3 months, the median rate went up $36 per sqft per year.
Compared to the rest of the Bay Area market, the Lucas Valley region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 5 listings have been listed, which means office spaces 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 200 sqft. Most buildings in this area were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Lucas Valley folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.