Most listings are in the $30's per square foot per year. The Downtown Santa Barbara submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 11% decline in rent.
In the last 90 days, 54 listings have been made available, so you'll want to check back regularly for new listings. About 11% of the available leases in the Downtown Santa Barbara are subleases, so you might be able to snag a great spot on a short term. 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 1,950 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 1968 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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.