The typical asking rate per listing is in the $60's per square foot per year. The Cupertino region is experiencing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Silicon Valley market, the Cupertino submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 4 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 590 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1984 and are Class B.