On average, listings lease in the $80's per square foot per year. The Santa Barbara Downtown submarket is going through a a rise in rates. In the last 3 months, the median rate increased $39 per sqft per year. That's a 84% rise in rent.
In the last 90 days, 109 listings have come on the market, so you'll want to check back regularly for new listings. About 11% of the office spaces in the Santa Barbara Downtown are subleases, so you might be able to find a shorter term or below market rent. 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 230 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1964 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Santa Barbara Downtown folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Santa Barbara Downtown.
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