Lower Nob Hill Retail

Lower Nob Hill

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$76
Median Size (sqft)
1,260
As of: June 26, 2017

Lower Nob Hill Rates

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.

Lower Nob Hill Listing Supply

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.

Lower Nob Hill Community

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.

Market Report

Trends and status of the commercial real estate market in Lower Nob Hill.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Lower Nob Hill.
Research