The typical asking rate per listing is in the $60's per square foot per year. The Marinship submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Bay Area market, the Marinship submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 20 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,080 sqft. Most properties in this area are approximately 3 stories. Most buildings in this market were built in 1982 and are Class B.
This market is fairly equally mixed residential and commercial. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Marinship folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.