On average, listings lease in the $0's per square foot per year. The Bayfront and Peninsula region is seeing a decrease in rates. In the last 3 months, the median rate decreased $62 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 33 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 6% of the available space in the Bayfront and Peninsula are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 110 sqft. Most buildings in this market are close to 5 stories. Most buildings in this area were built in 1975 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Bayfront and Peninsula occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.