The typical asking rate per listing is in the $40's per square foot per year. The Park West submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 22% increase in rent.
Compared to the rest of the San Diego market, the Park West region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 10 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,430 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this market were built in 1970 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Park West folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.