The typical asking rate per listing is in the $60's per square foot per year. The Lower Nob Hill submarket is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Bay Area market, the Lower Nob Hill region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 9 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the available space in the Lower Nob Hill 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.
The standard measurement for office space in this area is around 1,320 sqft. Most buildings in this region are around 4 floors. Most buildings in this area 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 area. Most of the occupants 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.