On average, listings lease in the $80's per square foot per year. The Santa Barbara Downtown region is experiencing a a rise in rates. In the last 3 months, the median rate increased $39 per sqft per year. That's a 84% rise in rent.
In the last 90 days, 29 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 41% of the available leases in the Santa Barbara Downtown are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 240 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market 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 market. Commute by walking is the most popular way to get to work amongst Santa Barbara Downtown occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.