Monterey Industrial Space

1514 Moffett St - 3 Spaces Salinas, CA can be combined with Suite E
Sep 19
1,000 - 1,800
sqft
Industrial Office

Monterey

Market Report

Number of Listings
Posted in the last 90 days
46
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,740

Monterey Rates

On average, listings lease in the $20's per square foot per year. The Monterey region is going through a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% decline in rent.

Monterey Listing Supply

In the last 90 days, 323 listings have come on the market, so you'll want to check back regularly for new listings. About 12% of the office spaces in the Monterey are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,740 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market were built in 1979 and are Class A.

Monterey Community

Market Data

Real time and historical data on commercial real estate listings in Monterey.
Research