Monterey Industrial

Monterey

Office Space Market Report

Number of Listings (last 90 days)
34
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,720
As of: March 12, 2017

Monterey Rates

Most listings are in the $20's per square foot per year. The Monterey submarket is going through a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 10% increase in rent.

Monterey Listing Supply

In the last 90 days, 34 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the available leases 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 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 1,720 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 1983 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