On average, listings lease in the $50's per square foot per year. The Midway District region is experiencing a a rise in rates. In the last 3 months, the median rate rose $55 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the San Diego market, the Midway District region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 6 listings have been posted online, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. 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 2,890 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built in 1973 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 area. Commute by motorcycle is the most popular way to get to work amongst Midway District residents. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.