The typical asking rate per listing is in the $40'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 went up $13 per sqft per year. That's a 40% increase in rent.
Compared to the rest of the San Diego market, the East Village submarket has more expensive 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 listed, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 16,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 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 area. 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.