On average, listings lease in the $10's per square foot per year. The Monterey submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 38% decline in rent.
In the last 90 days, 34 listings have been made available, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 88% of the listings 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 posted, 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 region are close to 2 stories. Most buildings in this area were built in 1979 and are Class A.