On average, listings lease in the $60's per square foot per year. The Marinship region is experiencing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Bay Area market, the Marinship region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 20 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,080 sqft. Most properties in this region are close to 3 floors. Most buildings in this region were built in 1982 and are Class B.
This market is fairly equally mixed residential and commercial. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Marinship residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.