On average, listings lease in the $30's per square foot per year. The East Village submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 27% decline in rent.
Compared to the rest of the San Diego market, the East Village submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 24 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 4,500 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 3 floors. Most buildings in this region were built in 2006 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst East Village folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.