On average, listings lease in the $30's per square foot per year. The Downtown Santa Fe region is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 8% decline in rent.
In the last 90 days, 8 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,190 sqft. Most buildings in this region are around 2 stories. Most buildings in this area were built in 0 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Professional services is the dominant industry in this region. Most of the residents of Downtown Santa Fe 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.