The typical asking rate per listing is in the $0's per square foot per year. The North Bayfront submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $55 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 10 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 10% of the office spaces in the North Bayfront are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 27,870 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 5 floors. Most buildings in this area were built in 1968 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Most of the occupants of North Bayfront work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.