On average, listings lease in the $40's per square foot per year. The University City region is seeing a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the San Diego market, the University City region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 42 listings have been listed, so you'll want to check back regularly for new listings. About 107% of the listings in the University City 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.
Even though the median size is 6,090 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this market were built in 1988 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst University City occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.