On average, listings lease in the $0's per square foot per year. The Downtown Santa Monica region is seeing a decrease in rates. In the last 3 months, the median rate decreased $91 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 13 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most buildings in this market are around 4 stories. Most buildings in this area were built in 1987 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Santa Monica residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.