On average, listings lease in the $30's per square foot per year. The Gaslamp submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 16% decline in rent.
Compared to the rest of the San Diego market, the Gaslamp region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 20 listings have been made available, which means leases most likley are 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.
The standard measurement for office space in this area is around 240 sqft. Most buildings in this market are around 3 stories. Most buildings in this area were built in 1911 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by motorcycle is the most popular way to get to work amongst Gaslamp occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.