The typical asking rate per listing is in the $80's per square foot per year. The Financial District region is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Bay Area market, the Financial District region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 185 listings have been listed, so you'll want to check back regularly for new listings. About 21% of the listings in the Financial District are subleases, so you might be able to find a shorter term or below market rent. 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 4,620 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 13 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 residents of Financial District work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.