On average, listings lease in the $50's per square foot per year. The East Village submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the San Diego market, the East Village region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 24 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available leases in the East Village are subleases, so you might be able to find a shorter term or below market rent. 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 3,300 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 3 stories. Most buildings in this region were built in 2006 and are Class A.
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 region. Commute by walking is the most popular way to get to work amongst East Village occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.