On average, listings lease in the $80's per square foot per year. The Financial District region is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Bay Area market, the Financial District region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 126 listings have come on the market, so you'll want to check back regularly for new listings. About 22% of the office spaces in the Financial District 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,470 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 14 stories. Most buildings in this area were built in 1923 and are Class A.
Professional services is the dominant industry in this region. Most of the folk of Financial District work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.