The typical asking rate per listing is in the $30's per square foot per year. The Lakewood submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $33 per sqft per year.
Compared to the rest of the Silicon Valley market, the Lakewood submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 2 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the office spaces in the Lakewood are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 12,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Lakewood occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.