On average, listings lease in the $40's per square foot per year. The Hillcrest submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 12% rise in rent.
Compared to the rest of the San Diego market, the Hillcrest submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 12 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 67% of the available space in the Hillcrest 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.
The standard measurement for office space in this area is around 2,400 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region 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 area. Commute by motorcycle is the most popular way to get to work amongst Hillcrest residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.