The typical asking rate per listing is in the $30's per square foot per year. The Santa Barbara Downtown submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 13% decline in rent.
In the last 90 days, 34 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Santa Barbara Downtown 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,920 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built in 1968 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Santa Barbara Downtown folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.