South of Market Office Space

South of Market

Office Space Market Report

Number of Listings (last 90 days)
131
Median Rate ($/sqft/yr)
$79
Median Size (sqft)
3,960
As of: February 22, 2017

South of Market Rates

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.

South of Market Listing Supply

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.

South of Market Community

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.

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