On average, listings lease in the $20's per square foot per year. The Santa Cruz region is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 7% decline in rent.
In the last 90 days, 8 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 13% of the office spaces in the Santa Cruz 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,240 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 1 stories. Most buildings in this market were built in 1888 and are Class B.