On average, listings lease in the $20's per square foot per year. The Memorial Hospital Neighborhood region is going through a a boost in rates. In the last 3 months, the median rate rose $25 per sqft per year.
Compared to the rest of the Bay Area market, the Memorial Hospital Neighborhood submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 3 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,240 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1968 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Most of the folk of Memorial Hospital Neighborhood work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.