On average, listings lease in the $20's per square foot per year. The Santa Barbara region is going through a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 18% decrease in rent.
In the last 90 days, 114 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the listings in the Santa Barbara 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,480 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this market were built in 1986 and are Class A.