On average, listings lease in the $30's per square foot per year. The Northern San Diego submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 25% decline in rent.
Compared to the rest of the San Diego market, the Northern San Diego region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 195 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the listings in the Northern San Diego are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,690 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region were built in 1986 and are Class B.
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 public transit is the most popular way to get to work amongst Northern San Diego residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.