The typical asking rate per listing is in the $60's per square foot per year. The South of Market region is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 1% decline 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 region.
In the last 90 days, 145 listings have been made available, so you'll want to check back regularly for new listings. About 28% of the available leases 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,988 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 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 market. 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.