The typical asking rate per listing is in the $20's per square foot per year. The Downtown Santa Fe submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 10% increase in rent.
In the last 90 days, 3 listings have been posted online, which means spaces are probably 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.
Even though the median size is 3,130 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region 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 area. 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.