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.
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.
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.