Most listings are in the $120's per square foot per year. The South Park submarket is going through a an increase in rates. In the last 3 months, the median rate went up $25 per sqft per year. That's a 25% increase in rent.
Compared to the rest of the Bay Area market, the South Park region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 7 listings have come on the market, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 57% 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1920 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst South Park folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.