Most listings are in the $60's per square foot per year. The Showplace Square region is experiencing a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 15% decrease in rent.
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 submarket.
In the last 90 days, 13 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 46% of the office spaces in the Showplace Square 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 on the market, 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 properties in this area are around 3 floors. Most buildings in this market 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 close to 20 minutes a day is the norm for those who opt to reside in this part of town.