South Park Sublease

South Park

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$51
Median Size (sqft)
3,700
As of: June 22, 2017

South Park Rates

On average, listings lease in the $50's per square foot per year. The South Park region is seeing a a rise in rates. In the last 3 months, the median rate rose $51 per sqft per year.

Compared to the rest of the Bay Area market, the South Park submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

South Park Listing Supply

In the last 90 days, 6 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 100% of the available space in the South Park 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 3,530 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this area were built in 1920 and are Class C.

South Park Community

A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst South Park residents. Commuting approximately an hour and a half 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 South Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Park.
Research