The typical asking rate per listing is in the $20's per square foot per year. The Memorial Hospital Neighborhood region is seeing a a boost in rates. In the last 3 months, the median rate rose $25 per sqft per year.
Compared to the rest of the Bay Area market, the Memorial Hospital Neighborhood region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 19 listings have been made available, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,240 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1968 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Most of the occupants of Memorial Hospital Neighborhood work from home. Commuting close to 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 Memorial Hospital Neighborhood.
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