On average, listings lease in the $30's per square foot per year. The Hillcrest submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 19% increase in rent.
Compared to the rest of the San Diego market, the Hillcrest submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 10 listings have been made available, which means office spaces 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,680 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this market were built in 1991 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 market. Commute by motorcycle is the most popular way to get to work amongst Hillcrest occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.