On average, listings lease in the $70's per square foot per year. The Financial District region is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Bay Area market, the Financial District region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 3361 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available space in the Financial District 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,930 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 13 stories. Most buildings in this area were built in 1923 and are Class A.
Professional services is the dominant industry in this region. Most of the residents of Financial District work from home. Commuting approximately 10 minutes 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 Financial District.
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