The typical asking rate per listing is in the $40's per square foot per year. The Downtown Santa Barbara region is seeing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 12% increase in rent.
In the last 90 days, 25 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 12% of the available leases in the Downtown Santa Barbara are subleases, so you might be able to find a shorter term or below market rent. 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 2,220 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built in 1974 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Santa Barbara residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.