The typical asking rate per listing is in the $10's per square foot per year. The Monterey region is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 17% decline in rent.
In the last 90 days, 19 listings have been listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 47% of the available space in the Monterey 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,340 sqft. Most properties in this market are close to 2 floors. Most buildings in this market were built in 1984 and are Class A.