Most listings are in the $20's per square foot per year. The Monterey region is experiencing a a rise in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 40% increase 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 4% of the available leases in the Monterey 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 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 properties in this area are approximately 2 floors. 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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