The typical asking rate per listing is in the $20's per square foot per year. The Arroyo Grande submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 36% decrease in rent.
In the last 90 days, 6 listings have been made available, which means spaces might be 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 850 sqft. Most buildings in this region are close to 2 floors. Most buildings in this market were built in 2001 and are Class B.