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