On average, listings lease in the $60's per square foot per year. The Showplace Square region is seeing a decrease in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 15% decrease in rent.
Compared to the rest of the Bay Area market, the Showplace Square submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 13 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 46% of the available space in the Showplace Square are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 5,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this area were built in 1944 and are Class B.
Real estate is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Showplace Square residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.