Compared to the rest of the Bay Area market, the Memorial Hospital Neighborhood submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 19 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the available leases in the Memorial Hospital Neighborhood are subleases, so you might be able to find a shorter term or below market rent. 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 1,240 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 1963 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Most of the folk of Memorial Hospital Neighborhood work from home. Commuting close to an hour 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 Memorial Hospital Neighborhood.
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