South of Market Office Space

1155 Mission St Space
SoMa, San Francisco, CA
# Fully Renovated Creative Office Building: For Sale & For Lease **EXECUTIVE SUMMARY** 1155 Mission is a ±15,800 square foot creative office building located in the Mid-Market submarket of San Francisco. The Property is a beautiful, boutique office building originally constructed in 1914. Having received a structural retrofit in 2003 and a fantastic full building renovation in 2016, the building provides the opportunity for immediate occupancy to an owner-user or a single tenant office user for an investor. The Property features high ceilings, a true brick and timber renovated interior, exposed structural steel elements, and abundant natural light providing a highly desirable workspace for today' s workforce. 1155 Mission is located within Mid-Market, one of San Francisco' s most desirable submarkets for office tech tenants. With its central location and immediate proximity to SOMA, the Mission, and Showplace Square, the Property is surrounded by some of San Francisco' s most notable tech tenants with immediate access to the City' s top restaurants, bars, shopping, and new residential and commercial development activity.   **PROPERTY OVERVIEW** - **Rentable SF  ** ±15,800 - **Year Built / Renovated  ** 1914 / 2003, 2016 - **No. Stories   ** 3, plus lower level - **Typical Floor SF   ** ±3,950 - **Occupancy   ** Delivered Vacant - **Zoning   ** MUO (Mixed-Use Office)   Features - Exceptional Creative Office Building - Fully-Renovated Asset with Zero Near-Term Capital Requirements - Beautiful Building Renovation: Brick & Timber, Generous Ceilings, Polished Concrete Floors & New Building Systems - Delivered Vacant Providing Immediate Occupancy for an Owner-User or Office Tenant - Prime Mid-Market Location: 1 Block from BART & 2 ½ Blocks from Microsoft, Uber & Dolby

South of Market

Office Space Market Report

Number of Listings (last 90 days)
123
Median Rate ($/sqft/yr)
$79
Median Size (sqft)
3,280
As of: March 12, 2017

South of Market Rates

Compared to the rest of the Bay Area market, the South of Market region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

South of Market Listing Supply

In the last 90 days, 123 listings have come on the market, so you'll want to check back regularly for new listings. About 19% of the available leases in the South of Market 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,280 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this area were built in 1923 and are Class B.

South of Market Community

A large portion of this market is residential, but there's plenty of office_space. Agriculture is the dominant industry in this market. Most of the occupants of South of Market work from home. Commuting close to 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