The typical asking rate per listing is in the $80's per square foot per year. The Chinatown region is seeing a a rise in rates. In the last 3 months, the median rate went up $83 per sqft per year.
Compared to the rest of the Bay Area market, the Chinatown submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 7 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 143% of the available space in the Chinatown 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,800 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 4 stories. Most buildings in this region were built in 1908 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Chinatown folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.