The typical asking rate per listing is in the $60's per square foot per year. The Showplace Square submarket is going through a a rise in rates. In the last 3 months, the median rate rose $61 per sqft per year.
Compared to the rest of the Bay Area market, the Showplace Square submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 13 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 38% of the available space in the Showplace Square 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this region were built in 1944 and are Class B.
Real estate is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Showplace Square folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.