Most listings are in the $10's per square foot per year. The Hillcrest submarket is seeing a decline in rates. In the last 3 months, the median rate fell $18 per sqft per year. That's a 56% decrease in rent.
In the last 90 days, 11 listings have come on the market, which means listings might be 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.
The standard measurement for office space in this area is around 2,280 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1999 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Hillcrest residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.