On average, listings lease in the $40's per square foot per year. The Potrero Hill region is seeing a decline in rates. In the last 3 months, the median rate decreased $25 per sqft per year. That's a 37% decrease in rent.
Compared to the rest of the Bay Area market, the Potrero Hill region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 25% of the available leases in the Potrero 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,260 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this region were built in 1961 and are Class B.
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 occupants of Potrero Hill work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.