On average, listings lease in the $30's per square foot per year. The Santa Cruz submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 29% rise in rent.
In the last 90 days, 9 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. 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 6,080 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 1 floors. Most buildings in this region were built in 1888 and are Class A.