On average, listings lease in the $50's per square foot per year. The Los Gatos submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 18% decrease in rent.
Compared to the rest of the Silicon Valley market, the Los Gatos region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 9 listings have been posted online, which means new listings might be leasing quickly. 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.
The standard measurement for office space in this area is around 940 sqft. Most buildings in this market are around 1 stories. Most buildings in this area were built in 1982 and are Class B.