Most listings are in the $60's per square foot per year. The Central Waterfront region is going through a decline in rates. In the last 3 months, the median rate fell $95 per sqft per year. That's a 60% decline in rent.
Compared to the rest of the Bay Area market, the Central Waterfront submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 67% of the available leases in the Central Waterfront 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.
Even though the median size is 49,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 3 stories. Most buildings in this market were built in 1962 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Central Waterfront residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.