The typical asking rate per listing is in the $30's per square foot per year. The Showplace Square region is seeing a decrease in rates. In the last 3 months, the median rate decreased $28 per sqft per year. That's a 47% decline in rent.
Compared to the rest of the Bay Area market, the Showplace Square region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 17 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 35% of the available space in the Showplace Square 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,330 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this area 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 residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.