Lower Nob Hill Sublease

Lower Nob Hill

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$70
Median Size (sqft)
1,320
As of: December 3, 2016

Lower Nob Hill Rates

The typical asking rate per listing is in the $60's per square foot per year. The Lower Nob Hill region is going through a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 9% decrease in rent.

Compared to the rest of the Bay Area market, the Lower Nob Hill submarket has higher rates, and you'll need to pay a premium to be in this hot region.

Lower Nob Hill Listing Supply

In the last 90 days, 13 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the office spaces in the Lower Nob Hill are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, 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 properties in this region are close to 4 floors. Most buildings in this market were built in 1915 and are Class B.

Lower Nob Hill Community

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 occupants of Lower Nob Hill work from home. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Lower Nob Hill.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Lower Nob Hill.
Research