Tenderloin Office Space

1 Jones St Space
SoMa, San Francisco, CA

Tenderloin

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
2,840
As of: June 27, 2017

Tenderloin Rates

The typical asking rate per listing is in the $50's per square foot per year. The Tenderloin submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $59 per sqft per year.

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

Tenderloin Listing Supply

In the last 90 days, 11 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 82% of the available leases in the Tenderloin 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 2,840 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this region were built in 1918 and are Class B.

Tenderloin Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Tenderloin folk. Commuting around 15 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 Tenderloin.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Tenderloin.
Research