South of Market Office Space

South of Market

Office Space Market Report

Number of Listings (last 90 days)
123
Median Rate ($/sqft/yr)
$62
Median Size (sqft)
4,000
As of: August 20, 2017

South of Market Rates

On average, listings lease in the $60's per square foot per year. The South of Market region is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 7% decrease in rent.

Compared to the rest of the Bay Area market, the South of Market region has greater rates, and you'll need to make a great offer to be in this hot region.

South of Market Listing Supply

In the last 90 days, 123 listings have been posted online, so you'll want to check back regularly for new listings. About 110% of the available leases in the South of Market 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this region were built in 1923 and are Class B.

South of Market Community

This market is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this region. Most of the residents of South of Market work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in South of Market.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South of Market.
Research