The typical asking rate per listing is in the $40's per square foot per year. The Little Italy region is experiencing a an increase in rates. In the last 3 months, the median rate increased $10 per sqft per year. That's a 25% rise in rent.
Compared to the rest of the San Diego market, the Little Italy region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 12 listings have been listed, which means leases are probably going fast. 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 4,170 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 4 floors. Most buildings in this market 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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.