Monterey Commercial Real Estate

Monterey

Market Report

Number of Listings
Posted in the last 90 days
20
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
4,260

Monterey Rates

The typical asking rate per listing is in the $30's per square foot per year. The Monterey region is seeing a an increase in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 56% increase in rent.

Monterey Listing Supply

In the last 90 days, 111 listings have been posted online, so you'll want to check back regularly for new listings. About 15% of the office spaces 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,260 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this market were built in 1984 and are Class A.

Monterey Community

Market Data

Real time and historical data on commercial real estate listings in Monterey.
Research