The typical asking rate per listing is in the $50's per square foot per year. The Showplace Square region is seeing a a rise in rates. In the last 3 months, the median rate increased $28 per sqft per year. That's a 88% rise in rent.
Compared to the rest of the Bay Area market, the Showplace Square submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 13 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 38% of the available space in the Showplace Square 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,220 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this region were built in 1944 and are Class B.
Real estate is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Showplace Square residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.