On average, listings lease in the $30's per square foot per year. The Santa Cruz submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 34% rise in rent.
In the last 90 days, 29 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 41% of the listings in the Santa Cruz are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,320 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1977 and are Class B.