On average, listings lease in the $60's per square foot per year. The North Beach submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Bay Area market, the North Beach submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 27 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 15% of the available leases in the North Beach are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,640 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this region were built in 1908 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst North Beach folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.