The typical asking rate per listing is in the $30's per square foot per year. The Downtown Santa Barbara submarket is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 12% decrease in rent.
In the last 90 days, 48 listings have been listed, so you'll want to check back regularly for new listings. About 63% of the available space in the Downtown 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 890 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1974 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Santa Barbara occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.