The typical asking rate per listing is in the $60's per square foot per year. The Central Waterfront region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $95 per sqft per year. That's a 60% decline in rent.
Compared to the rest of the Bay Area market, the Central Waterfront region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 133% of the office spaces in the Central Waterfront are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 5,220 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this market were built in 1962 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Central Waterfront folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.