On average, listings lease in the $30's per square foot per year. The Lucas Valley region is experiencing a an increase in rates. In the last 3 months, the median rate rose $36 per sqft per year.
Compared to the rest of the Bay Area market, the Lucas Valley region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 7 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 43% of the listings in the Lucas Valley 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 240 sqft. Most buildings in this region were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Lucas Valley occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.