On average, listings lease in the $10's per square foot per year. The Central Santa Cruz submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $16 per sqft per year.
In the last 90 days, 7 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 29% of the office spaces in the Central Santa Cruz 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 1,210 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 1975 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Central Santa Cruz occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.