On average, listings lease in the $50's per square foot per year. The South Park region is seeing a a rise in rates. In the last 3 months, the median rate rose $51 per sqft per year.
Compared to the rest of the Bay Area market, the South Park submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 6 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 100% of the available space in the South Park are subleases, so you might be able to find a shorter term or below market rent. 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 3,530 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this area were built in 1920 and are Class C.
A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst South Park residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.