Most listings are in the $40'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 $5 per sqft per year. That's a 12% rise in rent.
Compared to the rest of the San Diego market, the Hillcrest submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 12 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 58% of the listings in the Hillcrest 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,400 sqft. Most properties in this market are around 2 floors. Most buildings in this region 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 region. Commute by motorcycle is the most popular way to get to work amongst Hillcrest folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.