The typical asking rate per listing is in the $40's per square foot per year. The Bayfront - Enchanted Knolls - Shelter Ridge submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Bay Area market, the Bayfront - Enchanted Knolls - Shelter Ridge submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 5 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,430 sqft.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Bayfront - Enchanted Knolls - Shelter Ridge residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.