SoMa Office Space

1,080 office spaces for rent (270 properties)
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SoMa

Office Lease Market Report

Average Rate ($/sqft/yr)
$50.46
High: $114.97 | Low: $20.40
Average Size (sqft)
9,146
High: 71,614 | Low: 103

Last Updated September 3, 2014

South of Market (SoMa) Office Space

Also known as SoMa, lying in the central part of San Francisco is South of Market. The neighborhood hosts a population of just over 10,000 in between Market Street, South Beach, Mission Bay and Rincon Hill. Within the city are a multitude of smaller neighborhoods that include South Park and Yerba Buena.

As it is an extensive strip of warehouses, auto repair shops, and even residential hotels it is reasonable that the city attracts potential residents from all walks of business. Subsequently, office space expansion has taken place in SoMa to generate open locations for future residents.

Current office spaces for rent are spread among Townsend Street, Howard Street, and Brannon Street with prices ranging from as low as $20 to $50 per square foot; square footage for each varies from approximate lows of about 700 to as high as 100,000. The office space in this neighborhood is densely populated with startups.

SoMa has offices for rent in 94103 (zip code).

South of Market at a Glance

Prior to being labeled South of Market, the neighborhood was referred to as South of the Slot in reference to the cable cars that ran via a slot which the cables attached to. As the cables dispersed from the area, so did its original name, but every now and then a seasoned resident will still call the city South of the Slot.

The area was officially formed in 1847 by surveyor Jasper O’Farrell when he was commissioned to extend the boundaries of the pueblo south by Washington A. Bartlett. The result of the project was six lots of 50 varas or inches on each side of the subdivision. Consequently two distinctions of the pueblo arose: Lower Market Street also called 50 Vara and South of Market, officially known as 100 Vara.

Notable software and technology companies have made South of Market their home, proving the capacity to overcome the effects of the Dot com crash in the early 2000s. Some of these companies include 42Floors, Ustream, Foursquare, GitHub, Twitter, Square, Dropbox, IGN, Yelp, Airbnb, and Salesforce.com.

History can seemingly be overlooked in SoMa considering the locations hosts some highly innovative companies, but not all is lost. Artifacts and tradition can be cultivated by viewing the displays at the Yerba Buena Center for the Arts and the SFMOMA Museum.

For entertainment and fun residents travel across Howard Street to explore the ice skating rink, bowling alley, and immaculate restaurants like Zero Zero and Dottie’s.

Ideal method of public transportation in SoMa is simply taking the BART.

South of Market Real Estate

Prices for newest available real estate typically average at $700,000 with the top price reaching about $1,500,000.