Most listings are in the $40's per square foot per year. The Santa Barbara Downtown region is seeing a a rise in rates. In the last 3 months, the median rate went up $47 per sqft per year.
In the last 90 days, 29 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 34% of the listings in the Santa Barbara Downtown 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,170 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1964 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Santa Barbara Downtown residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.