On average, listings lease in the $30's per square foot per year. The Showplace Square submarket is going through a decrease in rates. In the last 3 months, the median rate fell $28 per sqft per year. That's a 47% decline in rent.
Compared to the rest of the Bay Area market, the Showplace Square region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 17 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 35% of the available space in the Showplace Square 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 5,330 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this area were built in 1944 and are Class B.
Real estate is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Showplace Square residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.