On average, listings lease in the $20's per square foot per year. The Santa Cruz region is going through a decline in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 35% decrease in rent.
In the last 90 days, 233 listings have come on the market, so you'll want to check back regularly for new listings. About 9% of the available space in the Santa Cruz are subleases, so you will probably have to focus your search on direct office leases. 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 1,320 sqft. Most buildings in this market are close to 2 stories. Most buildings in this region were built in 1977 and are Class B.
Real time and historical data on commercial real estate listings in Santa Cruz.
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