On average, listings lease in the $30's per square foot per year. The Village submarket is seeing a decline in rates. In the last 3 months, the median rate fell $63 per sqft per year. That's a 62% decrease in rent.
Compared to the rest of the San Diego market, the Village region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 17 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available space in the Village are subleases, so you will probably have to consider a longer term 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 1,760 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this area were built in 1980 and are Class B.
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 area. Commute by public transit is the most popular way to get to work amongst Village occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.