On average, listings lease in the $60's per square foot per year. The Northern Waterfront submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 18% rise in rent.
Compared to the rest of the Bay Area market, the Northern Waterfront region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 13 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 31% of the available leases in the Northern Waterfront 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 5,200 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 4 floors. Most buildings in this region were built in 1929 and are Class B.
This market is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Northern Waterfront folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.