Most listings are in the $60's per square foot per year. The South of Market submarket is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Bay Area market, the South of Market submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 123 listings have been listed, so you'll want to check back regularly for new listings. About 102% 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 4,050 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this area were built in 1923 and are Class B.
This area is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this area. 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.