The typical asking rate per listing is in the $50's per square foot per year. The South of Market submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Bay Area market, the South of Market submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2540 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the available leases in the South of Market are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,980 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 3 floors. Most buildings in this market were built in 1923 and are Class B.
This market is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this market. Most of the residents of South of Market work from home. Commuting approximately 30 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 South of Market.
Get email notifications when new listings are posted that match your requirements.