Monterey Retail

Monterey

Office Space Market Report

Number of Listings (last 90 days)
34
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,720
As of: March 12, 2017

Monterey Rates

On average, listings lease in the $20's per square foot per year. The Monterey region is experiencing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 10% increase in rent.

Monterey Listing Supply

In the last 90 days, 34 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 3% of the available space in the Monterey are subleases, so you will probably have to focus your search on direct office leases. 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 1,720 sqft. Most properties in this area are around 2 stories. Most buildings in this area were built in 1983 and are Class A.

Monterey Community

Market Report

Trends and status of the commercial real estate market in Monterey.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Monterey.
Research