On average, listings lease in the $60's per square foot per year. The Lower Nob Hill submarket is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Bay Area market, the Lower Nob Hill region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 9 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the available space in the Lower Nob Hill 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,320 sqft. Most buildings in this region are around 4 floors. Most buildings in this area were built in 1915 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Most of the folk of Lower Nob Hill work from home. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.