The typical asking rate per listing is in the $30's per square foot per year. The Little Italy region is going through a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 23% decrease in rent.
Compared to the rest of the San Diego market, the Little Italy submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 12 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the available space in the Little Italy are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,470 sqft. Most properties in this area are close to 4 floors. Most buildings in this region were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Little Italy folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.