On average, listings lease in the $60's per square foot per year. The Jackson Square submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $0 per sqft per year. That's a 0% increase in rent.
Compared to the rest of the Bay Area market, the Jackson Square submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 13 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 23% of the available space in the Jackson Square 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 4,500 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this area were built in 1907 and are Class A.
Construction is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Jackson Square residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.