On average, listings lease in the $30's per square foot per year. The Little Italy submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the San Diego market, the Little Italy region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 87 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Little Italy are subleases, so you will probably have to focus your search on direct office leases. 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 2,470 sqft. Most properties in this market are approximately 4 stories. Most buildings in this area were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Little Italy folk. 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 Little Italy.
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