On average, listings lease in the $90's per square foot per year. The Chinatown submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Bay Area market, the Chinatown region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 7 listings have been made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 129% of the available space in the Chinatown 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 7,640 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 4 floors. Most buildings in this area were built in 1908 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Chinatown occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.