On average, listings lease in the $40's per square foot per year. The Downtown San Rafael submarket is going through a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 15% decline in rent.
Compared to the rest of the Bay Area market, the Downtown San Rafael submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 24 listings have been listed, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 8% of the available leases in the Downtown San Rafael are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,900 sqft. Most properties in this market are approximately 3 stories. Most buildings in this region were built in 1965 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown San Rafael occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.