The typical asking rate per listing is in the $80's per square foot per year. The Financial District submarket is going through a decline in rates. In the last 3 months, the median rate decreased $2 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 need to make a great offer to be in this hot region.
In the last 90 days, 185 listings have been made available, so you'll want to check back regularly for new listings. About 109% 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 3,930 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 13 stories. Most buildings in this market were built in 1923 and are Class A.
Professional services is the dominant industry in this area. 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.