On average, listings lease in the $60's per square foot per year. The North Beach region is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Bay Area market, the North Beach submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 27 listings have been listed, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 30% of the available space in the North Beach are subleases, so you might be able to snag a great spot on a short term. 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 4,030 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 3 stories. Most buildings in this area were built in 1908 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst North Beach folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.