Midway District Sublease

Midway District

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$51
Median Size (sqft)
3,540
As of: December 3, 2016

Midway District Rates

The typical asking rate per listing is in the $50's per square foot per year. The Midway District region is seeing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 7% decrease in rent.

Compared to the rest of the San Diego market, the Midway District region has more expensive rates, and you'll need to pay a premium to be in this hot region.

Midway District Listing Supply

In the last 90 days, 11 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 27% of the office spaces in the Midway District 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.

Even though the median size is 3,540 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1973 and are Class A.

Midway District Community

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 region. Commute by motorcycle is the most popular way to get to work amongst Midway District residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Midway District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Midway District.
Research