On average, listings lease in the $70's per square foot per year. The South of Market region is going through a an increase in rates. In the last 3 months, the median rate rose $10 per sqft per year. That's a 15% increase in rent.
Compared to the rest of the Bay Area market, the South of Market region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 132 listings have been listed, so you'll want to check back regularly for new listings. About 25% of the available space in the South of Market 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 3,960 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 3 floors. Most buildings in this market were built in 1923 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Agriculture is the dominant industry in this region. Most of the folk of South of Market work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.