On average, listings lease in the $90's per square foot per year. The Chinatown region is going through a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Bay Area market, the Chinatown region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 7 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 143% of the listings in the Chinatown are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 7,640 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 4 floors. Most buildings in this region 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 market. Commute by bike is the most popular way to get to work amongst Chinatown folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.