On average, listings lease in the $0's per square foot per year. The Millbrae region is experiencing a decline in rates. In the last 3 months, the median rate fell $55 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 1 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 150,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 7 stories. Most buildings in this region were built in 1968 and are Class A.