Downtown Santa Cruz Office Space

Downtown Santa Cruz

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
5,800
As of: December 2, 2016

Downtown Santa Cruz Rates

Most listings are in the $20's per square foot per year. The Downtown Santa Cruz submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 10% decline in rent.

Downtown Santa Cruz Listing Supply

In the last 90 days, 5 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the available leases in the Downtown 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 available, so finding a space for a small business might be tough.

Even though the median size is 5,800 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 5 floors. Most buildings in this market were built in 1967 and are Class B.

Downtown Santa Cruz Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Santa Cruz residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Santa Cruz.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Santa Cruz.
Research