On average, listings lease in the $50's per square foot per year. The Mission District submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Bay Area market, the Mission District submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 10 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 20% of the available leases in the Mission District 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,290 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 1914 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Mission District folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.