The typical asking rate per listing is in the $20's per square foot per year. The East Village region is seeing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 23% decrease in rent.
Compared to the rest of the San Diego market, the East Village submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 12 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 4,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this area were built in 2006 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 walking is the most popular way to get to work amongst East Village residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.