The typical asking rate per listing is in the $50's per square foot per year. The Midway District submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the San Diego market, the Midway District region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 17 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 24% of the office spaces in the Midway District are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,880 sqft. Most properties in this region are approximately 2 floors. Most buildings in this region were built in 1972 and are Class A.
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 region. Commute by motorcycle is the most popular way to get to work amongst Midway District folk. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.