Most listings are in the $20's per square foot per year. The Downtown Santa Cruz submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.
In the last 90 days, 4 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the office spaces in the Downtown Santa Cruz are subleases, so you might be able to snag a great spot on a short term. 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 leases below 2,000 sqft. Most buildings in this market are around 5 stories. Most buildings in this region were built in 1967 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Santa Cruz occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.