Most listings are in the $30's per square foot per year. The Canal Waterfront region is going through a a rise in rates. In the last 3 months, the median rate rose $37 per sqft per year.
Compared to the rest of the Bay Area market, the Canal Waterfront submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 2 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available space in the Canal Waterfront are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,470 sqft. Most buildings in this market were built in 1957 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Canal Waterfront folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.