Most listings are in the $90's per square foot per year. The Downtown Santa Monica region is seeing a a rise in rates. In the last 3 months, the median rate increased $13 per sqft per year. That's a 16% increase in rent.
In the last 90 days, 16 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 44% of the available leases in the Downtown Santa Monica 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 1,810 sqft. Most properties 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.