The typical asking rate per listing is in the $30's per square foot per year. The Potrero Hill submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $32 per sqft per year. That's a 50% decrease in rent.
Compared to the rest of the Bay Area market, the Potrero Hill region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 231 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the listings in the Potrero Hill are subleases, so you will probably have to consider a longer term lease. 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 4,790 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1961 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Most of the occupants of Potrero Hill work from home. Commuting approximately an hour 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 Potrero Hill.
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