On average, listings lease in the $50's per square foot per year. The Bayfront - Enchanted Knolls - Shelter Ridge region is seeing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Bay Area market, the Bayfront - Enchanted Knolls - Shelter Ridge submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 8 listings have been listed, which means 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 7,140 sqft, there are still 0 spaces below 2,000 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 area. 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.