The typical asking rate per listing is in the $40's per square foot per year. The Hillcrest region is seeing a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 12% increase in rent.
Compared to the rest of the San Diego market, the Hillcrest submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 95 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the available leases in the Hillcrest are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,700 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market were built in 1990 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 region. Commute by motorcycle is the most popular way to get to work amongst Hillcrest occupants. Commuting around 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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