San Luis Obispo is situated in a unique area, roughly half way between two of the greatest cities in the United States – Los Angles and San Francisco. As people migrate away from those cities, but seek to retain proximity and lifestyle – the central coast communities like Carmel, San Luis Obispo, and Santa Barbara become interesting locations.
For businesses, the Central Coast offers many Commercial advantages. Commercial rents run from $1 per square foot to $3.50 per square foot for comfortable office space. Sure, there are some locations that charge more, but they are more unique rather than the norm.
According to a list compiled by the Building Owners and Managers Association (BOMA), San Luis Obispo County commercial rents are at an awesome discount to the Bay Area and Los Angles Area. These metropolitan areas represent 5 of the top 10 most expensive commercial rental markets in America. New York is number one at $48.27 per square foot, followed by Washington, D.C. at 42.63 per square foot.
San Mateo, CA $41.61 per square foot
Santa Monica, CA 36.67 per square foot
San Francisco, CA 34.86 per square foot
San Jose, CA 30.35 per square foot
Los Angles, CA 27.97 per square foot
Companies who lease in the cities can probably afford to buy commercial property here.
Century 21 Hometown is a full service real estate brokerage. We can support you in moving your business and your people. Our firm can help with your relocation needs for both businesses and your talented staff.
Contact our Director of Commercial Services, Jim Kelsey at 805-541-1941 to learn more about commercial real estate opportunities in San Luis Obispo County. Century 21 Hometown has 14 offices with local real estate experts throughout San Luis Obispo County and Bakersfield.