The typical asking rate per listing is in the $70's per square foot per year. The Chinatown submarket is going through a decrease in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the Bay Area market, the Chinatown submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 9 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 44% of the listings 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,300 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 4 stories. Most buildings in this region 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 folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.