Most listings are in the $60's per square foot per year. The La Jolla Village submarket is going through a a boost in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 22% increase in rent.
Compared to the rest of the San Diego market, the La Jolla Village submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 26 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 23% of the listings in the La Jolla Village are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,250 sqft. Most properties in this region are around 3 floors. Most buildings in this market were built in 1979 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the folk of La Jolla Village work from home. Commuting approximately 15 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 La Jolla Village.
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