On average, listings lease in the $70's per square foot per year. The North Point Street region is seeing a a rise in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 22% rise in rent.
Compared to the rest of the Bay Area market, the North Point Street submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 23 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 9% of the available leases in the North Point Street 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,790 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this market were built in 1925 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Most of the folk of North Point Street 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 North Point Street.
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