On average, listings lease in the $50's per square foot per year. The North Point Street region is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the Bay Area market, the North Point Street region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the available space in the North Point Street 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 9,090 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this area were built in 1925 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Most of the folk of North Point Street work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.