On average, listings lease in the $70's per square foot per year. The Financial District region is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Bay Area market, the Financial District region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 185 listings have come on the market, so you'll want to check back regularly for new listings. About 81% of the available space in the Financial District are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 4,200 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 13 stories. Most buildings in this region were built in 1923 and are Class A.
Professional services is the dominant industry in this region. Most of the occupants 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.