On average, listings lease in the $50's per square foot per year. The East Village submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the San Diego market, the East Village submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 24 listings have been posted online, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 25% of the office spaces in the East Village are subleases, so you might be able to snag a great spot on a short term. 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 3,180 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this market were built in 2006 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst East Village occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.