Monterey Industrial

Monterey

Office Space Market Report

Number of Listings (last 90 days)
34
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,080
As of: July 27, 2017

Monterey Rates

The typical asking rate per listing is in the $10's per square foot per year. The Monterey region is going through a decline in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 44% decrease in rent.

Monterey Listing Supply

In the last 90 days, 34 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 88% of the available leases 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,170 sqft. Most properties in this region are close to 2 stories. Most buildings in this market were built in 1979 and are Class A.

Monterey Community

Market Report

Trends and status of the commercial real estate market in Monterey.
Market Report

Market Data

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