The typical asking rate per listing is in the $70's per square foot per year. The Lower Nob Hill region is going through a a rise in rates. In the last 3 months, the median rate went up $76 per sqft per year.
Compared to the rest of the Bay Area market, the Lower Nob Hill submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 16 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the office spaces in the Lower Nob Hill 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,260 sqft. Most buildings in this market are approximately 4 floors. Most buildings in this region were built in 1915 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Most of the residents of Lower Nob Hill work from home. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.