On average, listings lease in the $80's per square foot per year. The Downtown Santa Monica region is experiencing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 4% increase in rent.
In the last 90 days, 10 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 40% of the available space in the Downtown Santa Monica 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 2,850 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 4 floors. Most buildings in this market were built in 1987 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Real estate is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Santa Monica residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.