The typical asking rate per listing is in the $80's per square foot per year. The Financial District submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Bay Area market, the Financial District region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 185 listings have been posted online, so you'll want to check back regularly for new listings. About 22% of the listings 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,390 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 13 stories. Most buildings in this area were built in 1923 and are Class A.
Professional services is the dominant industry in this area. Most of the occupants of Financial District work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.