On average, listings lease in the $80's per square foot per year. The Showplace Square region is experiencing a an increase in rates. In the last 3 months, the median rate went up $22 per sqft per year. That's a 36% increase in rent.
Compared to the rest of the Bay Area market, the Showplace Square region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 13 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 69% of the listings in the Showplace Square are subleases, so you might be able to snag a great spot on a short term. 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 16,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this market were built in 1944 and are Class B.
Real estate is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Showplace Square residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.