On average, listings lease in the $30's per square foot per year. The Hillcrest submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 19% rise in rent.
Compared to the rest of the San Diego market, the Hillcrest region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 6 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 4,120 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this market were built in 1989 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Hillcrest residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.