On average, listings lease in the $80's per square foot per year. The North Beach submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $17 per sqft per year. That's a 27% increase in rent.
Compared to the rest of the Bay Area market, the North Beach submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 27 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 74% of the available leases in the North Beach 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,410 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this market were built in 1908 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst North Beach residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.