Most listings are in the $20's per square foot per year. The Monterey submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decrease in rent.
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 listings in the Monterey are subleases, so you might be able to snag a great spot on a short term. 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 1,800 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1979 and are Class A.
Real time and historical data on commercial real estate listings in Monterey.
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