The typical asking rate per listing is in the $40's per square foot per year. The Horton Plaza submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the San Diego County market, the Horton Plaza submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 111 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the listings in the Horton Plaza are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,340 sqft. Most buildings in this region are around 20 stories. Most buildings in this market were built in 1984 and are Class A.
This market is fairly equally mixed residential and commercial. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Horton Plaza residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Horton Plaza.
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