On average, listings lease in the $90's per square foot per year. The Downtown Santa Monica submarket is going through a a boost in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 9% increase in rent.
In the last 90 days, 9 listings have been posted online, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available space in the Downtown Santa Monica 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,850 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 4 stories. Most buildings in this market 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 occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.