On average, listings lease in the $20's per square foot per year. The Santa Barbara submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 22% decline in rent.
In the last 90 days, 82 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the listings in the Santa Barbara are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 1,880 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1986 and are Class A.