On average, listings lease in the $50's per square foot per year. The Serra Mesa region is experiencing a a boost in rates. In the last 3 months, the median rate increased $32 per sqft per year. That's a 141% increase in rent.
Compared to the rest of the San Diego market, the Serra Mesa submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 16 listings have come on the market, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 31% of the available space in the Serra Mesa are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,670 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 3 stories. Most buildings in this area were built in 1982 and are Class B.
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 motorcycle is the most popular way to get to work amongst Serra Mesa folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.