On average, listings lease in the $70's per square foot per year. The Downtown Santa Barbara region is experiencing a an increase in rates. In the last 3 months, the median rate rose $44 per sqft per year. That's a 138% increase in rent.
In the last 90 days, 48 listings have been made available, so you'll want to check back regularly for new listings. About 46% of the office spaces in the Downtown Santa Barbara 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 280 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1968 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Santa Barbara residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.