Potrero Hill Industrial

Potrero Hill

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Potrero Hill Rates

Most listings are in the $40's per square foot per year. The Potrero Hill submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $25 per sqft per year. That's a 37% decrease in rent.

Compared to the rest of the Bay Area market, the Potrero Hill submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Potrero Hill Listing Supply

In the last 90 days, 8 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the available space 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,260 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1961 and are Class B.

Potrero Hill Community

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 Potrero Hill work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.