On average, listings lease in the $80's per square foot per year. The South Park region is seeing a decline in rates. In the last 3 months, the median rate fell $36 per sqft per year. That's a 28% decrease in rent.
Compared to the rest of the Bay Area market, the South Park submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 6 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the office spaces in the South Park 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,750 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1920 and are Class C.
A large portion of this region is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst South Park folk. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.