On average, listings lease in the $30's per square foot per year. The Old Town submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 23% decline in rent.
Compared to the rest of the San Diego market, the Old Town submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 2 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 520 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1977 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Old Town residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.