On average, listings lease in the $30's per square foot per year. The Hillsborough submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $32 per sqft per year.
Compared to the rest of the San Diego market, the Hillsborough submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 400% of the listings in the Hillsborough are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 10,750 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this area were built in 2007 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 walking is the most popular way to get to work amongst Hillsborough occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.