On average, listings lease in the $30's per square foot per year. The Canal Waterfront region is experiencing a an increase in rates. In the last 3 months, the median rate increased $37 per sqft per year.
Compared to the rest of the Bay Area market, the Canal Waterfront submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 2 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available leases in the Canal Waterfront are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,470 sqft. Most buildings in this market were built in 1957 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Canal Waterfront folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.