The typical asking rate per listing is in the $80's per square foot per year. The Chinatown submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the Bay Area market, the Chinatown submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 377 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Chinatown are subleases, so you will probably have to consider a longer term lease. 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 3,810 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 4 stories. Most buildings in this region were built in 1908 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Chinatown occupants. Commuting more than 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 Chinatown.
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