On average, listings lease in the $50's per square foot per year. The Rincon Hill submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $20 per sqft per year. That's a 50% increase in rent.
Compared to the rest of the Bay Area market, the Rincon Hill submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 2 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available leases in the Rincon 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 posted, so finding a space for a small business might be tough.
Even though the median size is 14,660 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 4 stories. Most buildings in this market were built in 1942 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Professional services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Rincon Hill folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.