The typical asking rate per listing is in the $0's per square foot per year. The Montecito region is seeing a decrease in rates. In the last 3 months, the median rate fell $79 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 2 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 970 sqft.