On average, listings lease in the $40's per square foot per year. The Santa Barbara region is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 7% decline in rent.
In the last 90 days, 99 listings have come on the market, so you'll want to check back regularly for new listings. About 9% of the available space in the Santa Barbara are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,200 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 1974 and are Class A.