Most listings are in the $20's per square foot per year. The Monterey submarket is going through a a rise in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 32% increase in rent.
In the last 90 days, 111 listings have come on the market, so you'll want to check back regularly for new listings. About 14% of the available space 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,080 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1984 and are Class A.
Real time and historical data on commercial real estate listings in Monterey.
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