Most listings are in the $80's per square foot per year. The South Park submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $36 per sqft per year. That's a 28% decline in rent.
Compared to the rest of the Bay Area market, the South Park submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 6 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the listings 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 2,750 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region were built in 1920 and are Class C.
A large portion of this region is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst South Park occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.