Tenderloin Sublease

Tenderloin

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
2,836
As of: January 23, 2017

Tenderloin Rates

Most listings are in the $50's per square foot per year. The Tenderloin region is experiencing a decline in rates. In the last 3 months, the median rate fell $19 per sqft per year. That's a 24% decrease in rent.

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

Tenderloin Listing Supply

In the last 90 days, 13 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the available space in the Tenderloin are subleases, so you will probably have to focus your search on direct office leases. 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 2,836 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 4 floors. Most buildings in this market were built in 1918 and are Class B.

Tenderloin Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Tenderloin folk. Commuting around 15 minutes 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 Tenderloin.
Market Report

Market Data

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