The typical asking rate per listing is in the $30's per square foot per year. The Little Italy region is seeing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the San Diego market, the Little Italy submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 87 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available space in the Little Italy 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 measurement for office space in this area is around 2,470 sqft. Most buildings in this region are around 4 floors. Most buildings in this area were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Little Italy 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 Little Italy.
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