The typical asking rate per listing is in the $20's per square foot per year. The Arroyo Grande submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 10% decrease in rent.
In the last 90 days, 5 listings have been made available, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 440 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region were built in 2001 and are Class B.