South Park Sublease

South Park

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$51
Median Size (sqft)
3,530
As of: July 22, 2017

South Park Rates

The typical asking rate per listing is in the $50's per square foot per year. The South Park region is seeing a decline in rates. In the last 3 months, the median rate fell $37 per sqft per year. That's a 42% decline in rent.

Compared to the rest of the Bay Area market, the South Park region has higher rates, and you'll need to pay a premium to be in this hot region.

South Park Listing Supply

In the last 90 days, 6 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases in the South Park 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 3,530 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built in 1920 and are Class C.

South Park Community

A large portion of this area is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst South Park folk. Commuting around 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