On average, listings lease in the $40's per square foot per year. The Santa Barbara Downtown submarket is going through a a rise in rates. In the last 3 months, the median rate rose $47 per sqft per year.
In the last 90 days, 29 listings have come on the market, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 21% of the office spaces in the Santa Barbara Downtown 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,500 sqft. Most properties in this region are approximately 2 stories. Most buildings in this area were built in 1964 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Santa Barbara Downtown folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.