The typical asking rate per listing is in the $10's per square foot per year. The Monterey region is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 17% decline in rent.
In the last 90 days, 19 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 47% of the office spaces in the Monterey 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 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 2,340 sqft. Most properties in this market are close to 2 floors. Most buildings in this area were built in 1984 and are Class A.