On average, listings lease in the $20's per square foot per year. The Manzanita submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $21 per sqft per year.
In the last 90 days, 6 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the available space in the Manzanita are subleases, so you might be able to find a shorter term or below market rent. 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 1,750 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this area were built in 1995.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Manzanita residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.