On average, listings lease in the $40's per square foot per year. The Horton Plaza submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the San Diego market, the Horton Plaza region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 10 listings have been posted online, which means leases might be 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 4,070 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 20 stories. Most buildings in this market were built in 1984 and are Class A.
This area is fairly equally mixed residential and commercial. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Horton Plaza residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.