On average, listings lease in the $30's per square foot per year. The Livermore region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the East Bay market, the Livermore region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 15 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. 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 36,790 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 1 stories. Most buildings in this region were built in 1989 and are Class A.