On average, listings lease in the $30's per square foot per year. The East Village submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 27% decrease in rent.
Compared to the rest of the San Diego market, the East Village submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 24 listings have come on the market, which means leases are probably 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.
Even though the median size is 4,500 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this region were built in 2006 and are Class A.
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 walking is the most popular way to get to work amongst East Village occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.