The typical asking rate per listing is in the $80's per square foot per year. The Rincon Hill region is experiencing a a boost in rates. In the last 3 months, the median rate rose $22 per sqft per year. That's a 38% rise in rent.
Compared to the rest of the Bay Area market, the Rincon Hill 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, 2 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 350% of the office spaces in the Rincon Hill are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 8,070 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 4 floors. Most buildings in this region were built in 1942 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Professional services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Rincon Hill residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.