On average, listings lease in the $70's per square foot per year. The Santa Barbara submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $44 per sqft per year. That's a 138% rise in rent.
In the last 90 days, 397 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Santa Barbara are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 310 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this market were built in 1971 and are Class A.
Real time and historical data on commercial real estate listings in Santa Barbara.
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