210 Spaces in 151 Buildings Available Now In San Francisco

Market Overview

Selecting the right commercial office space for your business in San Francisco is a challenging task. There are a number of options and configurations of offices to choose from, and narrowing them all down to the right option for your business is a daunting task. However, making your choice is easier when you have a few vital pieces of information.

The office address is perhaps the most important consideration when you are trying to find office space. In San Francisco, you will find many major office buildings along Market Street, from the Tenderloin through Downtown. The largest office buildings are in the Financial District near the waterfront. This area is home to several large banks and brokerages, and not surprisingly, the rent is higher than it is in outlying areas. In addition, there are plenty of high-rise office spaces in the Downtown area itself. For smaller office buildings, the Mission District provides an ideal office address in the heart of the city while surrounded by other professionals. Rent in San Francisco is notoriously high, so there are other options if you don't need a full office space set up.

Quarter 1 of 2011 ended with a vacancy rate of 14.5% and an availability rate of 17.6%. Those rates are down for both the quarter and the year. There is no planned construction through the remainder of the year so expect the vacancy rate to continue to drop. Direct lease rates also continued to rise through the 1st quarter, which was 4th straight quarter posting a rise in rates, and at the end of the quarter averaged $32.25 per square foot per year.

A shared office provides you with the opportunity to have a physical office, but the tenants split the expenses associated with maintaining the office. You can either arrange to have access to the office on a full-time basis or only on specific days of the week. The advantages of this kind of arrangement are the savings in rent and the ability to present a professional office to clients when necessary.

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