Midway District Office Space

Midway District

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$55
Median Size (sqft)
3,830
As of: December 8, 2016

Midway District Rates

Most listings are in the $50's per square foot per year. The Midway District region is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 7% decrease in rent.

Compared to the rest of the San Diego market, the Midway District region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Midway District Listing Supply

In the last 90 days, 11 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 27% of the available leases in the Midway District 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.

Even though the median size is 3,540 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this area were built in 1973 and are Class A.

Midway District Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by motorcycle is the most popular way to get to work amongst Midway District residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Midway District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Midway District.
Research