On average, listings lease in the $50's per square foot per year. The Northwest San Francisco region is experiencing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Bay Area market, the Northwest San Francisco submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 38 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the office spaces in the Northwest San Francisco 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 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 2,090 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1917 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Northwest San Francisco residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.