On average, listings lease in the $60's per square foot per year. The Potrero Hill submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 14% increase in rent.
Compared to the rest of the Bay Area market, the Potrero Hill region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 10 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 60% of the listings in the Potrero 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.
Even though the median size is 8,200 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 1961 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 residents of Potrero Hill work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.