Most listings are in the $70's per square foot per year. The Chinatown region is seeing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the Bay Area market, the Chinatown region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 6 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the office spaces in the Chinatown are subleases, so you might be able to snag a great spot on a short term. 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 2,650 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 4 stories. Most buildings in this area 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 region. 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.