The typical asking rate per listing is in the $20's per square foot per year. The San Luis Obispo submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 12% decrease in rent.
In the last 90 days, 53 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the office spaces in the San Luis Obispo are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,420 sqft. Most buildings in this area are around 2 stories. Most buildings in this market were built in 2002 and are Class A.