On average, listings lease in the $70's per square foot per year. The Lower Nob Hill submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $0 per sqft per year. That's a 0% rise in rent.
Compared to the rest of the Bay Area market, the Lower Nob Hill region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 16 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available space in the Lower Nob Hill are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,220 sqft. Most buildings in this market are around 4 floors. Most buildings in this market were built in 1915 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Most of the residents of Lower Nob Hill work from home. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.