On average, listings lease in the $50's per square foot per year. The Midway District submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $51 per sqft per year.
Compared to the rest of the San Diego market, the Midway District region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 19 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 42% of the available leases in the Midway District are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,150 sqft. Most properties in this market are around 2 stories. Most buildings in this market were built in 1971 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by motorcycle is the most popular way to get to work amongst Midway District folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.