Most listings are in the $80's per square foot per year. The South Park submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $34 per sqft per year. That's a 67% increase in rent.
Compared to the rest of the Bay Area market, the South Park region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 107 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the available leases in the South Park are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,360 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1920 and are Class C.
A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst South Park folk. Commuting close to an hour and a half 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 Park.
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