The typical asking rate per listing is in the $20's per square foot per year. The Downtown Solvang submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decrease in rent.
In the last 90 days, 3 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 560 sqft. Most buildings in this market were built in 1986.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Most of the residents of Downtown Solvang work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.