Central Santa Cruz Sublease

Central Santa Cruz

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
5,800
As of: December 3, 2016

Central Santa Cruz Rates

The typical asking rate per listing is in the $20's per square foot per year. The Central Santa Cruz submarket is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decline in rent.

Central Santa Cruz Listing Supply

In the last 90 days, 5 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the office spaces in the Central Santa Cruz are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 5,800 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 3 stories. Most buildings in this market were built in 1967 and are Class B.

Central Santa Cruz Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Central Santa Cruz occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Central Santa Cruz.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central Santa Cruz.
Research