The typical asking rate per listing is in the $50's per square foot per year. The Midway District submarket is going through a a boost in rates. In the last 3 months, the median rate went up $22 per sqft per year. That's a 76% rise in rent.
Compared to the rest of the San Diego market, the Midway District region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 19 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 47% of the listings 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 4,670 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1971 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 folk. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.