On average, listings lease in the $80's per square foot per year. The Financial District region is going through a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Bay Area market, the Financial District region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 185 listings have come on the market, so you'll want to check back regularly for new listings. About 22% of the available leases in the Financial District 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 4,390 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 13 stories. Most buildings in this area were built in 1923 and are Class A.
Professional services is the dominant industry in this market. Most of the occupants of Financial District work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.