The typical asking rate per listing is in the $30's per square foot per year. The Santa Barbara Downtown submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 15% increase in rent.
In the last 90 days, 29 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 7% of the available space in the Santa Barbara Downtown are subleases, so you will probably have to focus your search on direct office leases. 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 2,400 sqft. Most buildings in this region are close to 2 floors. 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 area. Commute by walking is the most popular way to get to work amongst Santa Barbara Downtown residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.