The typical asking rate per listing is in the $60's per square foot per year. The Showplace Square region is going through a decrease in rates. In the last 3 months, the median rate decreased $18 per sqft per year. That's a 23% decrease in rent.
Compared to the rest of the Bay Area market, the Showplace Square submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 269 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the listings in the Showplace Square 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,210 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 3 stories. Most buildings in this region were built in 1944 and are Class B.
Real estate is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Showplace Square folk. Commuting approximately 20 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 Showplace Square.
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