The typical asking rate per listing is in the $40's per square foot per year. The Park West submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 22% rise in rent.
Compared to the rest of the San Diego market, the Park West submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 10 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,430 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this area were built in 1970 and are Class C.
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 market. Commute by walking is the most popular way to get to work amongst Park West occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.