Most listings are in the $60's per square foot per year. The South of Market region is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Bay Area market, the South of Market region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 2540 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the listings in the South of Market are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,520 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 area were built in 1923 and are Class B.
This market is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this area. Most of the residents of South of Market work from home. Commuting around 30 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 South of Market.
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