North Park Office Space

North Park

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
980
As of: June 24, 2017

North Park Rates

The typical asking rate per listing is in the $30's per square foot per year. The North Park submarket is going through a a boost in rates. In the last 3 months, the median rate went up $37 per sqft per year.

Compared to the rest of the San Diego market, the North Park submarket has greater rates, and you'll need to pay a premium to be in this hot region.

North Park Listing Supply

In the last 90 days, 12 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 42% of the office spaces in the North Park 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.

The standard measurement for office space in this area is around 980 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 1990 and are Class B.

North Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst North Park occupants. 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 North Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in North Park.
Research