On average, listings lease in the $10's per square foot per year. The Santa Maria region is experiencing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 22% decline in rent.
In the last 90 days, 205 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the listings in the Santa Maria 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,680 sqft. Most properties in this area are close to 2 floors. Most buildings in this region were built in 1990 and are Class A.
Real time and historical data on commercial real estate listings in Santa Maria.
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