On average, listings lease in the $80's per square foot per year. The Financial District region is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Bay Area market, the Financial District region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 214 listings have been listed, so you'll want to check back regularly for new listings. About 22% of the listings in the Financial District are subleases, so you might be able to find a shorter term or below market rent. 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 3,890 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 14 floors. Most buildings in this region were built in 1923 and are Class A.
Professional services is the dominant industry in this area. Most of the folk of Financial District work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.