On average, listings lease in the $30's per square foot per year. The Santa Barbara submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 9% decrease in rent.
In the last 90 days, 102 listings have been posted online, so you'll want to check back regularly for new listings. About 14% of the available leases in the Santa Barbara 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,620 sqft. Most buildings in this market are around 2 stories. Most buildings in this region were built in 1971 and are Class A.