On average, listings lease in the $10's per square foot per year. The Hillcrest submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $18 per sqft per year. That's a 56% decrease in rent.
In the last 90 days, 11 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,280 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 1999 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Hillcrest folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.