On average, listings lease in the $150's per square foot per year. The Northern Waterfront region is going through a an increase in rates. In the last 3 months, the median rate went up $86 per sqft per year. That's a 128% rise in rent.
Compared to the rest of the Bay Area market, the Northern Waterfront region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 231 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the available leases in the Northern Waterfront are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,400 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 4 floors. Most buildings in this market were built in 1927 and are Class B.
This area is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Northern Waterfront folk. Commuting around 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 Northern Waterfront.
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