On average, listings lease in the $150's per square foot per year. The Central Waterfront submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $158 per sqft per year.
Compared to the rest of the Bay Area market, the Central Waterfront 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, 7 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 71% of the listings in the Central Waterfront are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 9,180 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 3 stories. Most buildings in this area were built in 1962 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Central Waterfront residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.