The typical asking rate per listing is in the $80's per square foot per year. The Showplace Square region is going through a a boost in rates. In the last 3 months, the median rate went up $22 per sqft per year. That's a 36% increase in rent.
Compared to the rest of the Bay Area market, the Showplace Square region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 13 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 38% of the office spaces in the Showplace Square 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 posted, so finding a space for a small business might be tough.
Even though the median size is 8,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this market were built in 1944 and are Class B.
Real estate is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Showplace Square occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.