The typical asking rate per listing is in the $80's per square foot per year. The Financial District region is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Bay Area market, the Financial District submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 185 listings have been made available, so you'll want to check back regularly for new listings. About 21% of the available leases 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,620 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 13 stories. Most buildings in this area were built in 1923 and are Class A.
Professional services is the dominant industry in this area. Most of the residents of Financial District work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.