Most listings are in the $60's per square foot per year. The Downtown Santa Monica region is seeing a an increase in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 10% increase in rent.
In the last 90 days, 13 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 31% of the office spaces in the Downtown Santa Monica 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,500 sqft. Most buildings in this area are close to 4 stories. Most buildings in this region were built in 1987 and are Class A.
A large portion of this region 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 folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.