On average, listings lease in the $30's per square foot per year. The Monterey submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $36 per sqft per year.
In the last 90 days, 34 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 103% 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1979 and are Class A.