On average, listings lease in the $40's per square foot per year. The East Village submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $23 per sqft per year. That's a 97% rise in rent.
Compared to the rest of the San Diego market, the East Village submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 14 listings have been listed, which means spaces most likley are 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,500 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this area 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 folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.