Most listings are in the $20's per square foot per year. The Downtown Santa Fe submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 22% decrease in rent.
In the last 90 days, 3 listings have come on the market, which means listings 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 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 1,650 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market 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 folk 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.