On average, listings lease in the $30's per square foot per year. The Lakewood region is seeing a a rise in rates. In the last 3 months, the median rate rose $33 per sqft per year.
Compared to the rest of the Silicon Valley market, the Lakewood region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 2 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the listings in the Lakewood are subleases, so you might be able to find a shorter term or below market rent. 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 12,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Lakewood folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.