Most listings are in the $60's per square foot per year. The Village submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $41 per sqft per year. That's a 40% decline in rent.
Compared to the rest of the San Diego market, the Village submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 5 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 20% of the listings in the Village 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,758 sqft. Most properties in this region are around 3 stories. Most buildings in this market 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 residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.