The typical asking rate per listing is in the $120's per square foot per year. The South Park region is experiencing a a boost in rates. In the last 3 months, the median rate rose $25 per sqft per year. That's a 25% rise in rent.
Compared to the rest of the Bay Area market, the South Park region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 9 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 33% of the available leases in the South Park 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,350 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1920 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst South Park residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.