The typical asking rate per listing is in the $20's per square foot per year. The Monterey submarket is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 14% decline in rent.
In the last 90 days, 28 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 7% of the listings in the Monterey are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,820 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 1983 and are Class A.