The typical asking rate per listing is in the $60's per square foot per year. The Northern Waterfront submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $67 per sqft per year.
Compared to the rest of the Bay Area market, the Northern Waterfront submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 7 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 29% of the office spaces in the Northern Waterfront 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,440 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 4 floors. Most buildings in this market were built in 1927 and are Class B.
This market is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Northern Waterfront residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.