The typical asking rate per listing is in the $60's per square foot per year. The Jackson Square submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Bay Area market, the Jackson Square region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 13 listings have been posted online, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 54% of the office spaces in the Jackson Square are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 4,030 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this region were built in 1907 and are Class C.
Construction is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Jackson Square folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.