Most listings are in the $80's per square foot per year. The Downtown Santa Monica region is experiencing a a rise in rates. In the last 3 months, the median rate rose $17 per sqft per year. That's a 24% increase in rent.
In the last 90 days, 13 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 46% of the available leases in the Downtown Santa Monica are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,330 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 4 floors. Most buildings in this area were built in 1987 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Santa Monica residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.