Most listings are in the $70's per square foot per year. The Chinatown submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the Bay Area market, the Chinatown submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 13 listings have been made available, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 31% of the available leases in the Chinatown 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 9,460 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 4 stories. Most buildings in this market were built in 1908 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Chinatown residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.