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 went up $3 per sqft per year. That's a 8% rise in rent.
In the last 90 days, 12 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% 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 1,520 sqft. Most properties in this market are close to 2 floors. Most buildings in this region 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. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Santa Barbara Downtown residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.