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On average, commerial real estate listings lease in the $30's per square foot per year. The Hillcrest submarket is going through a decline in rates. In the last 3 months, the median rate for lease fell $5 per sqft per year.
Compared to the rest of the San Diego County commercial real estate market, the Hillcrest submarket has higher rates for rent, and you may need to pay a premium to be in this hot submarket.
In the last 90 days, 95 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the Hillcrest are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard size for office space in this area is around 3,140 sqft. Most properties in this area are around 2 stories. Most buildings in this region were built around 1989 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Hillcrest residents. 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 Hillcrest.
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