On average, listings lease in the $80's per square foot per year. The Financial District region is seeing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Bay Area market, the Financial District 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, 185 listings have come on the market, so you'll want to check back regularly for new listings. About 96% of the listings in the Financial District are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,050 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 13 stories. Most buildings in this market were built in 1923 and are Class A.
Professional services is the dominant industry in this area. Most of the occupants of Financial District work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.