On average, listings lease in the $20's per square foot per year. The Memorial Hospital Neighborhood region is seeing a a rise in rates. In the last 3 months, the median rate went up $25 per sqft per year.
Compared to the rest of the Bay Area market, the Memorial Hospital Neighborhood region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 3 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,240 sqft. Most properties in this market are close to 2 floors. Most buildings in this area were built in 1968 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the folk of Memorial Hospital Neighborhood work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.