The typical asking rate per listing is in the $50's per square foot per year. The Midway District submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the San Diego market, the Midway District submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 19 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 21% of the available leases in the Midway District 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,540 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region were built in 1972 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by motorcycle is the most popular way to get to work amongst Midway District occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.