The typical asking rate per listing is in the $50's per square foot per year. The Inner Richmond submarket is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Bay Area market, the Inner Richmond 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 listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,910 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built in 1917 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst Inner Richmond occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.