On average, listings lease in the $40's per square foot per year. The Central San Diego region is experiencing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the San Diego market, the Central San Diego submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 183 listings have come on the market, so you'll want to check back regularly for new listings. About 43% of the available leases in the Central San Diego are subleases, so you might be able to find a shorter term or below market rent. 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 2,630 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 4 floors. Most buildings in this market were built in 1980 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 market. Commute by bike is the most popular way to get to work amongst Central San Diego occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.