Most listings are in the $30's per square foot per year. The Hillcrest submarket is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the San Diego market, the Hillcrest 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, 16 listings have been made available, which means spaces might be going fast. 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 2,470 sqft. Most properties in this region are around 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 area. Commute by motorcycle is the most popular way to get to work amongst Hillcrest folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.