On average, listings lease in the $30's per square foot per year. The Downtown Santa Fe submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 33% rise in rent.
In the last 90 days, 3 listings have been listed, which means leases might be leasing quickly. 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 500 sqft. Most properties in this market are close to 2 floors. Most buildings in this area were built in 0 and are Class B.
This market is fairly equally mixed residential and commercial. Professional services is the dominant industry in this market. 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.