On average, listings lease in the $70's per square foot per year. The Northeast San Francisco submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Bay Area market, the Northeast San Francisco region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 315 listings have been listed, so you'll want to check back regularly for new listings. About 17% of the office spaces in the Northeast San Francisco 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.
Even though the median size is 3,180 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 5 stories. Most buildings in this area were built in 1912 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the folk of Northeast San Francisco work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.