On average, listings lease in the $60's per square foot per year. The Hayes Valley submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $48 per sqft per year. That's a 275% rise in rent.
Compared to the rest of the Bay Area market, the Hayes Valley region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 24 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 17% of the available leases in the Hayes Valley are subleases, so you might be able to snag a great spot on a short term. 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 2,700 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this region were built in 1914 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Hayes Valley folk. Commuting close to 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 Hayes Valley.
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