On average, listings lease in the $50's per square foot per year. The East Los Gatos region is going through a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the Silicon Valley market, the East Los Gatos submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 7,180 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst East Los Gatos residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.