Monterey, CA Commercial Real Estate for Lease - 33 Listings

585 Cannery Row

585 Cannery Row, New Monterey, Monterey, CA
Property

Retail

18,566 SF
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Bancroft Center

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

Office

34,862 SF
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The Five Corners Building

851 Munras Ave, Franklin, Monterey, CA
Property

Retail

9,750 SF
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414 Alvarado Street

414 Alvarado Street, Franklin, Monterey, CA
Property

Retail

3,126 SF
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Garden Road Professional Center

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

Office

174,890 SF
Availability

6 Spaces

23,740 SF
Year Built

1985
For Lease

$1.95/SF/MO
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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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12 Upper Ragsdale Drive

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

Office

17,323 SF
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665 Munras Ave

665 Munras Ave, Franklin, Monterey, CA
Property

Office

20,269 SF
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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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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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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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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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Harris Court

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

Office

39,983 SF
Availability Contact for availability

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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

3,299 SF
Year Built

1952
For Lease

$18.00 - $48.00/SF/YR
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21 Ragsdale Partners LLC

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

Office

22,000 SF
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Monterey Commerce Center

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

Office

51,144 SF
Availability

2 Spaces

25,129 SF
Year Built

1990
For Lease

$31.80/SF/YR
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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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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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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 Contact for pricing
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475 Washington St

475 Washington St, Franklin, Monterey, CA
Property

Office

3,638 SF
Availability

1 Space

432 SF
Year Built

1966
For Lease

$860.00/MO
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174 Carmelito Ave

174 Carmelito Ave, Monterey Vista, Monterey, CA
Property

Office

1,426 SF
Availability

1 Space

1,426 SF
Year Built

1994
For Lease

$4,000.00/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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244 Pearl St

244 Pearl St, Franklin, Monterey, CA
Property

Retail

1,140 SF
Availability

1 Space

1,140 SF
For Lease

$2.00/SF/MO
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22 Lower Ragsdale Dr

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

Office

17,000 SF
Availability

1 Space

4,855 SF
Year Built

1985
For Lease

$23.40/SF/YR
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476 Tyler St

476 Tyler St, Franklin, Monterey, CA
Property

Retail

600 SF
Availability

1 Space

600 SF
For Lease

$3.00/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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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 771,582 square feet of office space across 26 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 58,859 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 41,526 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 152,778 square feet of available listings. Industrial space available in Monterey adds up to 35,150 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 $22.37 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 Franklin 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 $27 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 32,150 square feet.
Retail properties here incorporate an average of 7,358 square feet.
Industrial space in Monterey is in buildings that are, on average 20,763 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 202,407 square feet. The market offers 25 active office listing(s), which amount to 152,778 square feet and account for 73% of commercial spaces on the market. Local retail availability includes 14,479 square feet across 7 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	25	152,778
Retail	7	14,479
Industrial	2	35,150

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 42,239 square feet of commercial property for sale here , which includes 2 office building(s) for sale , 1 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	2	13,671
Retail	1	9,235
Other	2	19,333

Monterey, CA Commercial Real Estate for Lease - 33 Listings

585 Cannery Row

Bancroft Center

The Five Corners Building

414 Alvarado Street

Garden Road Professional Center

665 Munras Avenue

12 Upper Ragsdale Drive

665 Munras Ave

Bancroft Center

1 Harris CT

31 Upper Ragsdale Drive

20 Ryan Ranch Road

Harris Court

Monterey Professional Center & Cass Street Medical Plaza

21 Ragsdale Partners LLC

Monterey Commerce Center

288 Pearl Street

300 Bonifacio Place

910 Major Sherman Ln

475 Washington St

174 Carmelito Ave

791 Foam St

244 Pearl St

22 Lower Ragsdale Dr

476 Tyler St

520-528 Abrego Street

Frequently Asked Questions

Monterey, CA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Monterey, CA Commercial Real Estate for Lease - 33 Listings

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

Other Popular Searches

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Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us