On average, listings lease in the $60's per square foot per year. The Village submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $24 per sqft per year. That's a 60% rise in rent.
Compared to the rest of the San Diego market, the Village submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 17 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 71% of the available space in the Village 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,570 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this region 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. Finance and insurance are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst Village occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.