Southeast San Francisco 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

Southeast San Francisco

Office Space Market Report

Number of Listings (last 90 days)
204
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
3,740
As of: March 11, 2017

Southeast San Francisco Rates

Most listings are in the $60's per square foot per year. The Southeast San Francisco submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 4% decline in rent.

Compared to the rest of the Bay Area market, the Southeast San Francisco submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Southeast San Francisco Listing Supply

In the last 90 days, 204 listings have been posted online, so you'll want to check back regularly for new listings. About 22% of the available space in the Southeast San Francisco 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,740 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this market were built in 1926 and are Class B.

Southeast San Francisco Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Southeast San Francisco occupants. Commuting approximately an hour and a half 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 Southeast San Francisco.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Southeast San Francisco.
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