The typical asking rate per listing is in the $30's per square foot per year. The Downtown Santa Cruz region is going through a a boost in rates. In the last 3 months, the median rate rose $12 per sqft per year. That's a 50% increase in rent.
In the last 90 days, 4 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 6,080 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 5 stories. Most buildings in this market were built in 1967 and are Class A.
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 region. Commute by car is the most popular way to get to work amongst Downtown Santa Cruz residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.