The typical asking rate per listing is in the $20's per square foot per year. The Morgan Hill region is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 15% decline in rent.
Compared to the rest of the Silicon Valley market, the Morgan Hill submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 18 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 5,350 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 1 stories. Most buildings in this area were built in 1987 and are Class B.