The typical asking rate per listing is in the $20's per square foot per year. The Santa Cruz submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
In the last 90 days, 8 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the office spaces in the Santa Cruz 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 2,130 sqft. Most properties in this region are approximately 1 stories. Most buildings in this region were built in 1888 and are Class B.