The typical asking rate per listing is in the $70's per square foot per year. The Rincon Hill region is experiencing a a boost in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the Bay Area market, the Rincon Hill submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 2 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available leases in the Rincon Hill are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 45,450 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 4 stories. Most buildings in this area were built in 1942 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Professional services is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Rincon Hill folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.