On average, listings lease in the $30's per square foot per year. The Hillcrest region is experiencing a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the San Diego market, the Hillcrest region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 12 listings have come on the market, which means new listings might be going fast. 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 2,600 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this market were built in 1991 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 region. Commute by motorcycle is the most popular way to get to work amongst Hillcrest occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.