The typical asking rate per listing is in the $20's per square foot per year. The Central Escondido region is seeing a decrease in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 29% decline in rent.
Compared to the rest of the San Diego County market, the Central Escondido region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 200 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available space in the Central Escondido 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,920 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Central Escondido 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 Central Escondido.
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