The typical asking rate per listing is in the $30's per square foot per year. The Tenderloin submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $28 per sqft per year. That's a 47% decline in rent.
Compared to the rest of the Bay Area market, the Tenderloin submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 11 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 27% of the listings in the Tenderloin 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 posted, so finding a space for a small business might be tough.
Even though the median size is 10,000 sqft, there are still 0 new listings 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.
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 approximately 15 minutes a day is the norm for those who opt to reside in this part of town.