Monterey, CA Commercial Real Estate for Lease

414 Alvarado Street

414 Alvarado Street, Franklin, Monterey, CA
Property

Retail

3,126 SF
Availability Contact for availability

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20 Ryan Ranch Road

20 Ryan Ranch Road, Casanova Oak Knoll, Monterey, CA
Property

Office

215,000 SF
Availability

4 Spaces

52,896 SF
Year Built

1990
For Lease

$19.80/SF/YR
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Bancroft Center

2 Harris Court, Casanova Oak Knoll, Monterey, CA
Property

Office

34,862 SF
Availability Contact for availability

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The Five Corners Building

851 Munras Ave, Franklin, Monterey, CA
Property

Retail

9,750 SF
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Land
665 Munras Ave

665 Munras Ave, Franklin, Monterey, CA
Property

Office

20,269 SF
Availability Contact for availability

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31 Upper Ragsdale Drive

31 Upper Ragsdale Drive, Casanova Oak Knoll, Monterey, CA
Property

Office

28,316 SF
Availability

6 Spaces

17,078 SF
Year Built

2008
For Lease

$17.88 - $24.02/SF/YR
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665 Munras Avenue

665 Munras Avenue, Franklin, Monterey, CA
Property

Office

27,000 SF
Availability

2 Spaces

3,751 SF
Year Built

2001
For Lease

$2.25/SF/MO
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585 Cannery Row

585 Cannery Row, New Monterey, Monterey, CA
Property

Retail

18,566 SF
Availability Contact for availability

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1 Harris CT

1 Harris CT, Casanova Oak Knoll, Monterey, CA
Property

Mixed Use

16,180 SF
Availability

3 Spaces

9,235 SF
Year Built

1991
For Lease

$2.00/SF/MO
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12 Upper Ragsdale Drive

12 Upper Ragsdale Dr, Casanova Oak Knoll, Monterey, CA
Property

Office

17,323 SF
Availability Contact for availability

For Lease Contact for pricing
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Harris Court

8 Harris Court, Casanova Oak Knoll, Monterey, CA
Property

Office

39,983 SF
Availability Contact for availability

For Lease Contact for pricing
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Garden Court Office Park

80 Garden Ct, Casanova Oak Knoll, Monterey, CA
Property

Office

38,636 SF
Availability

1 Space

2,246 SF
Year Built

1984
For Lease

$27.00/SF/YR
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Bancroft Center

2 Harris Ct, Casanova Oak Knoll, Monterey, CA
Property

Industrial

18,126 SF
Availability

1 Space

11,750 SF
For Lease

$15.00 - $16.20/SF/YR
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Monterey Commerce Center

1 Lower Ragsdale Dr, Bldg 1, Casanova Oak Knoll, Monterey, CA
Property

Office

51,144 SF
Availability

3 Spaces

13,196 SF
Year Built

1990
For Lease

$33.00/SF/YR
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21 Ragsdale Partners LLC

21 Lower Ragsdale Dr, Casanova Oak Knoll, Monterey, CA
Property

Office

22,000 SF
Availability Contact for availability

For Lease Contact for pricing
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Monterey Professional Center & Cass Street Medical Plaza

700 Cass Street, Franklin, Monterey, CA
Property

Office

30,749 SF
Availability

4 Spaces

2,440 SF
Year Built

1952
For Lease

$24.00 - $48.00/SF/YR
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Garden Road Professional Center

2511 Garden Road, Casanova Oak Knoll, Monterey, CA
Property

Office

174,890 SF
Availability

5 Spaces

21,640 SF
Year Built

1985
For Lease

$1.95/SF/MO
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288 Pearl Street
The Pearl Works
288 Pearl Street, Monterey, CA
Services

Virtual Office

Open Workspace

Meeting Room

Private Office

Dedicated Desk
Amenities

High-speed wifi

Kitchen

Pet friendly

Printer

Privacy booths

TV/Monitor

White boards
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409 Washington Street

409 Washington St, Franklin, Monterey, CA
Property

Office

13,595 SF
Availability

4 Spaces

7,732 SF
Year Built

1989
For Lease

$2.00/SF/MO
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5 Mandeville Court

5 Mandeville Court, Casanova Oak Knoll, Monterey, CA
Property

Office

29,870 SF
Availability Contact for availability

For Lease Contact for pricing
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Harris Court Business Park

5 Harris Ct - Bldgs. J, K & L, Casanova Oak Knoll, Monterey, CA
Property

Industrial

23,400 SF
Availability

1 Space

23,400 SF
Year Built

1990
For Lease

$18.00/SF/YR
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565 Hartnell St

565 Hartnell St, Franklin, Monterey, CA
Property

Office

603 SF
Availability

1 Space

603 SF
For Lease Contact for pricing
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20-22 Dormody Court

22 Dormody CT, Franklin, Monterey, CA
Property

Office

1,780 SF
Availability

2 Spaces

1,780 SF
Year Built

1964
For Lease

$1.25/SF/MO
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791 Foam St

791 Foam St, New Monterey, Monterey, CA
Property

Office

4,708 SF
Availability

1 Space

2,550 SF
Year Built

1986
For Lease

$24.00/SF/YR
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451 Washington St

451 Washington St, Franklin, Monterey, CA
Property

Office

4,238 SF
Availability

1 Space

2,200 SF
Year Built

1961
For Lease

$2.40/SF/MO
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118 Webster St

118 Webster St, Franklin, Monterey, CA
Property

Office

895 SF
Availability

1 Space

895 SF
For Lease

$2.00/SF/MO
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910 Major Sherman Ln

910 Major Sherman Ln, Alta Mesa, Monterey, CA
Property

Office

5,896 SF
Availability

1 Space

3,207 SF
Year Built

1985
For Lease

$4,700.00/MO
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1099 Del Monte Ave

1099 Del Monte Ave, Oak Grove, Monterey, CA
Property

Office

3,300 SF
Availability

1 Space

3,300 SF
For Lease

$25.80/SF/YR
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546 - 550 Hartnell Street

546 - 550 Hartnell Street, Franklin, Monterey, CA
Property

Office

3,586 SF
Availability

1 Space

2,278 SF
For Lease

$2.25/SF/MO
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520-528 Abrego Street

520 Abrego St, Franklin, Monterey, CA
Property

Office

1,870 SF
Availability

1 Space

1,870 SF
Year Built

1965
For Lease

$5,950.00/MO
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300 Bonifacio Place

300 Bonifacio Pl, Franklin, Monterey, CA
Property

Office

15,989 SF
Availability

1 Space

2,430 SF
Year Built

2000
For Lease

$1.50/SF/MO
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791 Foam St

791 Foam St, New Monterey, Monterey, CA
Property

Retail

4,708 SF
Availability

1 Space

1,005 SF
Year Built

1986
For Lease

$36.00/SF/YR
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1077 Cass St

1077 Cass St, Monterey Vista, Monterey, CA
Property

Office

3,151 SF
Availability

1 Space

800 SF
Year Built

1953
For Lease

$1,850.00/MO
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Monterey commercial real estate market incorporates 771,493 square feet of office space across 28 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Monterey commercial real estate market includes 64,421 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Monterey market, there is a total of 44,826 square feet of industrial property.

The listing inventory in Monterey incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Monterey is represented by Office space, which accounts for 152,238 square feet of available listings. Industrial space available in Monterey adds up to 38,450 square feet.

Meanwhile, most of the listings of commercial property for sale in Monterey are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Monterey is $23.02 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Monterey can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Monterey, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Monterey is in the Casanova - Oak Knoll neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Casanova - Oak Knoll area.

Meanwhile, retail space opportunities are most abundant in the New Monterey submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Casanova - Oak Knoll.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $28.8 per square foot. In particular, the property type commanding the highest lease rates in Monterey was Office space.

Conversely, the highest sale price last year was $5,750,000 that is located at 70 Garden Court.

The average size of a commercial property in Monterey depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Monterey, the average size of an office property is 28,574 square feet.
Retail properties here incorporate an average of 9,203 square feet.
Industrial space in Monterey is in buildings that are, on average 14,942 square feet in size.

Monterey, CA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Monterey currently add up to 188,282 square feet. The market offers 26 active office listing(s), which amount to 142,892 square feet and account for 81% of commercial spaces on the market. Local retail availability includes 1,005 square feet across 4 retail space(s). Industrial space for rent opportunities in Monterey amount to 35,150 square feet across a total of 2 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	26	142,892
Retail	4	1,005
Industrial	2	35,150
Other	0	9,235

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Monterey, CA. Currently, there is 62,969 square feet of commercial property for sale here , which includes 6 office building(s) for sale , 1 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	6	34,401
Retail	1	9,235
Other	2	19,333

Monterey, CA Commercial Real Estate for Lease

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Monterey, CA?

What factors affect the price of commercial real estate in Monterey, CA?

What is the average rent for commercial space in Monterey, CA?

What are the best areas for commercial real estate in Monterey, CA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Monterey, CA?

Monterey, CA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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