The typical asking rate per listing is in the $60's per square foot per year. The South of Market submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 1% rise in rent.
Compared to the rest of the Bay Area market, the South of Market region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 143 listings have been made available, so you'll want to check back regularly for new listings. About 29% of the available leases in the South of Market 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 4,130 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this region were built in 1923 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Agriculture is the dominant industry in this region. Most of the folk of South of Market work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.