Most listings are in the $40's per square foot per year. The Serra Mesa region is experiencing a decrease in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 21% decline in rent.
Compared to the rest of the San Diego market, the Serra Mesa submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 137 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available space in the Serra Mesa 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.
Even though the median size is 5,680 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 3 stories. Most buildings in this area were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by motorcycle is the most popular way to get to work amongst Serra Mesa occupants. Commuting close to 30 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 Serra Mesa.
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