Financial District Retail

456 Montgomery St Space
Financial District, San Francisco, CA
# 456 Montgomery Street **456 MONTGOMERY STREET BUILDING FEATURES:** **PRESTIGIOUS TENANTS:** First Bank, Icon Clinical Research, California bank & trust Beveridge & Diamond, P.C., Kwan Henmi, Vogl & Meredith LLP, consulate General of Israel, Equity Risk Partners, Hersh Family Law **RETAIL SERVICES:** First Bank, Grace image photography studio, MOZA, F.D. Haircuts by Leo, San Francisco Golf Performance Center, Ross Lai DDS, additional new retail coming soon **NEARBY PARKING:** 550 Kearny, 550 California, 475 Sansome   Features - Suite 750 - 3,418 SF - High end open bar/break are, efficient open area with great natural light, Convertible conference space for all hands or 3 conference rooms, Available 4/1/2017 - Suite 900 - 7,133 SF - Full floor opportunity, 11 perimeter offices, large conference room, 2 open areas & production areas, can be demised to +-2,800 SF, available 4/1/2017 - Suite 1100 - 7,134 SF - Full floor identity, 61 workstations, 2 offices, 1 large & 3 small conference rooms, 1 copy & break room, spec suite in process, available +-1/1/2017 - Suite 1500 - 7,262 SF - City and bay views, 9 private offices, 1 conference room, 1 open office, kitchen/breakroom, 2 storage areas, available now. - Suite 1600 - 7,262 SF - Great elevator identity, city and bay views, 12 private offices, 2 conference rooms, 2 open offices, kitchen/breakroom, 1 storage area, reception, available 6/2017 (potentially sooner).

Financial District

Office Space Market Report

Number of Listings (last 90 days)
204
Median Rate ($/sqft/yr)
$83
Median Size (sqft)
4,010
As of: January 19, 2017

Financial District Rates

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.

Financial District Listing Supply

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.

Financial District Community

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.

Market Report

Trends and status of the commercial real estate market in Financial District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Financial District.
Research