Most listings are in the $50's per square foot per year. The Showplace Square submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $28 per sqft per year. That's a 88% rise in rent.
Compared to the rest of the Bay Area market, the Showplace Square region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 13 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 38% of the available leases 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,220 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area were built in 1944 and are Class B.
Real estate is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Showplace Square occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.