Monterey Commercial Real Estate

1514 Moffett St - Unit I Salinas, CA mezzanine workspace
Sep 19
1,800
sqft
Industrial Office
237 Crossroads Blvd - 2 Spaces Monterey, CA  
Jul 17
840 - 3,380
sqft
Retail Restaurant

Monterey

Market Report

Number of Listings
Posted in the last 90 days
46
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,740

Monterey Rates

On average, listings lease in the $20's per square foot per year. The Monterey region is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decline in rent.

Monterey Listing Supply

In the last 90 days, 323 listings have been posted online, so you'll want to check back regularly for new listings. About 12% of the available space in the Monterey 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,740 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region were built in 1979 and are Class A.

Monterey Community

Market Data

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