On average, listings lease in the $60's per square foot per year. The La Jolla Village submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 22% increase in rent.
Compared to the rest of the San Diego market, the La Jolla Village submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 26 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 23% of the available leases in the La Jolla Village are subleases, so you might be able to find a shorter term or below market rent. 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 1,250 sqft. Most properties in this area are around 3 floors. Most buildings in this region were built in 1979 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Most of the folk of La Jolla Village work from home. Commuting around 15 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 La Jolla Village.
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