The typical asking rate per listing is in the $20's per square foot per year. The Midway District region is seeing a decrease in rates. In the last 3 months, the median rate fell $26 per sqft per year. That's a 47% decrease in rent.
Compared to the rest of the San Diego market, the Midway District region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 19 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available space in the Midway District are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,080 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region were built in 1972 and are Class A.
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 region. Commute by motorcycle is the most popular way to get to work amongst Midway District occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.