The typical asking rate per listing is in the $100's per square foot per year. The South Park submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $100 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Bay Area market, the South Park submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the available leases in the South Park 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,640 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this market were built in 1920 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst South Park residents. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.