On average, listings lease in the $30's per square foot per year. The Hillcrest submarket is going through a an increase in rates. In the last 3 months, the median rate increased $40 per sqft per year.
Compared to the rest of the San Diego market, the Hillcrest region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 12 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 117% of the available leases in the Hillcrest 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,600 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 2 floors. Most buildings in this market were built in 1991 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Hillcrest folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.