Most listings are in the $80's per square foot per year. The Chinatown region is seeing a a boost in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 20% increase in rent.
Compared to the rest of the Bay Area market, the Chinatown submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 7 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 29% of the available space in the Chinatown are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,740 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 4 stories. Most buildings in this market 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 residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.