Monterey Office Space

Monterey

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,080
As of: August 19, 2017

Monterey Rates

Most listings are 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% decrease in rent.

Monterey Listing Supply

In the last 90 days, 19 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 47% of the office spaces in the Monterey 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 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 2,340 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1984 and are Class A.

Monterey Community

Market Report

Trends and status of the commercial real estate market in Monterey.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Monterey.
Research