The typical asking rate per listing is in the $80's per square foot per year. The Santa Barbara Downtown submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $39 per sqft per year. That's a 84% rise in rent.
In the last 90 days, 109 listings have been posted online, 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 sign a shorter term by taking over a previous lease. 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 region are close to 2 stories. Most buildings in this region 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 market. Commute by walking is the most popular way to get to work amongst Santa Barbara Downtown occupants. Commuting close to 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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