On average, listings lease in the $60's per square foot per year. The Los Gatos submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Silicon Valley market, the Los Gatos submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 16 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 6% of the listings in the Los Gatos are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,140 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1982 and are Class B.