On average, listings lease in the $40's per square foot per year. The Arroyo Grande region is going through a a rise in rates. In the last 3 months, the median rate rose $22 per sqft per year. That's a 104% rise in rent.
In the last 90 days, 4 listings have been posted online, which means listings 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 520 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this region were built in 2001 and are Class B.