The typical asking rate per listing is in the $60's per square foot per year. The Cupertino submarket is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Silicon Valley market, the Cupertino region has higher 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 listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 333% of the office spaces in the Cupertino 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,140 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this region were built in 1984 and are Class B.