Most listings are in the $70's per square foot per year. The Financial District submarket is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Bay Area market, the Financial District region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3361 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the available leases in the Financial District are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,930 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 13 stories. Most buildings in this area were built in 1923 and are Class A.
Professional services is the dominant industry in this area. Most of the occupants of Financial District work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Financial District.
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