South San Francisco Commercial Real Estate And Office Space For Rent

Description:

South San Francisco:

The city lies north of San Francisco International Airport in a small valley between San Bruno Mountain and the Coast Range. This proximity is attractive for businesses to base their office space in this city through finding commercial office space listings. The city is served by two major highways, U.S. Route 101 (the Bayshore Freeway) and Interstate 280. Because of this easy access to the highway, businesses find it advantageous to locate their commercial real estate or office space in this city. A BART station, located directly adjacent to El Camino High School and Solaire Transit Village, opened in 2003, supplementing Caltrain service to San Francisco and San Jose. The convenient transportation system is plus advantage for businesses that are looking for commercial office space as well as office space property. South San Francisco offers its citizens a city in which to live comfortably in fine residential areas and a place to work in more than 2,800 firms and businesses including many biotech companies such as Genentech which gives the city the title of "Birthplace of Biotechnology".

Companies who look for spaces in South San Francisco also search in these neighboring cities: Daly City, Millbrae, and San Francisco.

Office space: The area east of Highway 101 is dominated by bland industrial complexes interspersed with futuristic office parks, particularly the Oyster Point Marina. These business parks offer many office space listings and commercial office space properties. South San Francisco is considered to be the birthplace of the biotech industry. This makes it an attractive place for companies to base office space in this city.  The city is home to Genentech, one of the world's largest biotech companies, as well as a satellite office of Amgen, the world's largest biotech firm. Many other biotech companies have also started or moved to South San Francisco to be in proximity to the UCSF, Stanford University, and UC Berkeley; all are within a one hour's drive. Many companies like to locate in this city because of its proximity to a very educated work force. These features attract many businesses to find commercial real estate and commercial listings, as well as commercial office space. Small office spaces can be found using Rofo’s innovative search technology.

Retail space: South San Francisco attracts many residents from surrounding towns and makes it a great location to start a retail business. Grand Avenue, from Spruce going south, is considered downtown South San Francisco, with various small shops and restaurants. This area offers significant amounts of small retail spaces that are perfect for small shops and restaurants. City Hall is located on Grand Avenue, and to the residents of SSF, it is known simply as "Grand”. Here, many commercial real estate and commercial properties can be found as well. Grand also runs perpendicular with one of the cities other well known streets, Linden, which connects San Bruno to highway 101. Because of this easy access to the highway, businesses find it advantageous to locate their commercial real estate or office space in this city. Chestnut Avenue connects Hillside, the northern bordering street at the foot of San Bruno Mountain, to Westborough Blvd, and subsequently to one of the neighborhoods known as Westborough. Grand Avenue is host to a plethora of stores, one of which is Bronstein Music, a well known local music store that has been around for decades. This area of commercial focus offers many small retail property and commercial leases. The city's small downtown and several aging residential subdivisions, such as Mayfair Village, Sunshine Gardens, Avalon Park, Winston Manor, and Rancho Buri Buri, are located west of Highway 101. The attractions that this city offers make it a great place for businesses to find commercial properties for rent or commercial real estate for lease.

Warehouse space: South San Francisco's office parks and industrial zoning are favorable to meet needs of the biotech industry, and the property taxes levied from the extensive industrial park provide a gold mine of revenue for the city. This easy access to the highways gives another reason to find warehouse space or industrial space listings in South San Francisco.

Quick Market Stats:

There's roughly 2,5000,000 square feet of office space with a rough overall vacancy rate of 8%.  The average asking rates for Class A office space is $3.75(fs) and Class B office space is $2.75(fs) per square foot per month.

The industrial space market is roughly 18,000,000 square feet and has an overall vacancy rate of just 6%.  The average lease rate is $0.75 per square foot per month.