The typical asking rate per listing is in the $20's per square foot per year. The Monterey submarket is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decrease in rent.
In the last 90 days, 15 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,610 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this area were built in 1984 and are Class A.