On average, listings lease in the $60's per square foot per year. The Bayfront and Peninsula region is going through a a rise in rates. In the last 3 months, the median rate rose $67 per sqft per year.
Compared to the rest of the East Bay market, the Bayfront and Peninsula region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 33 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 30% of the available leases in the Bayfront and Peninsula 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 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 area are close to 8 stories. Most buildings in this area were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Bayfront and Peninsula residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.