Tenderloin Office Space

Tenderloin

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
2,836
As of: January 18, 2017

Tenderloin Rates

Most listings are in the $50's per square foot per year. The Tenderloin submarket is going through a decrease in rates. In the last 3 months, the median rate fell $19 per sqft per year. That's a 24% decrease in rent.

Compared to the rest of the Bay Area market, the Tenderloin submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.

Tenderloin Listing Supply

In the last 90 days, 16 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Tenderloin are subleases, so you will probably have to consider a longer term 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 2,836 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 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