The typical asking rate per listing is in the $80's per square foot per year. The South Park submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $34 per sqft per year. That's a 67% rise in rent.
Compared to the rest of the Bay Area market, the South Park region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 107 listings have been posted online, so you'll want to check back regularly for new listings. About 1% of the available leases in the South Park are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, 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 buildings in this area are close to 2 floors. Most buildings in this market were built in 1920 and are Class C.
This region is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst South Park occupants. 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 South Park.
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