On average, listings lease in the $80's per square foot per year. The Downtown San Francisco-Union Square submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 15% increase in rent.
Compared to the rest of the Bay Area market, the Downtown San Francisco-Union Square submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 32 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the available space in the Downtown San Francisco-Union Square 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,170 sqft. Most buildings in this market are close to 6 stories. Most buildings in this region were built in 1909 and are Class B.
Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown San Francisco-Union Square residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.