South of Market Industrial

South of Market

Office Space Market Report

Number of Listings (last 90 days)
149
Median Rate ($/sqft/yr)
$69
Median Size (sqft)
5,000
As of: December 9, 2016

South of Market Rates

On average, listings lease in the $60's per square foot per year. The South of Market region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 1% decline in rent.

Compared to the rest of the Bay Area market, the South of Market submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

South of Market Listing Supply

In the last 90 days, 145 listings have been made available, so you'll want to check back regularly for new listings. About 28% of the available leases in the South of Market 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 5,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this market were built in 1923 and are Class B.

South of Market Community

A large portion of this market is residential, but there's plenty of office_space. Agriculture is the dominant industry in this region. Most of the occupants of South of Market work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in South of Market.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South of Market.
Research