On average, listings lease in the $30's per square foot per year. The Hillsborough region is seeing a an increase in rates. In the last 3 months, the median rate increased $32 per sqft per year.
Compared to the rest of the San Diego market, the Hillsborough region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 1 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the office spaces in the Hillsborough are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 10,750 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 2007 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Hillsborough 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.