On average, listings lease in the $50's per square foot per year. The Showplace Square submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $28 per sqft per year. That's a 88% rise in rent.
Compared to the rest of the Bay Area market, the Showplace Square region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 13 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 38% of the available leases 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,220 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 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 folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.