The typical asking rate per listing is in the $30's per square foot per year. The Little Italy region is experiencing a decline in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 20% decline in rent.
Compared to the rest of the San Diego market, the Little Italy 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 been made available, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 8% of the available space in the Little Italy are subleases, so you will probably have to focus your search on direct office leases. 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 1,620 sqft. Most properties in this area are around 4 floors. Most buildings in this region were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Little Italy folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.