Most listings are in the $80's per square foot per year. The Downtown Santa Monica submarket is going through a an increase in rates. In the last 3 months, the median rate went up $17 per sqft per year. That's a 24% rise in rent.
In the last 90 days, 13 listings have been posted online, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 46% of the office spaces 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 4,330 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 4 stories. 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 region. Commute by car is the most popular way to get to work amongst Downtown Santa Monica folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.