If your business needs office space, Union Square, San Francisco, is well-known for its shopping, fine hotels, and excellent restaurants. The beautiful green spaces littered between these features ensure that patrons can enjoy the temperate climate and appreciate all that San Francisco has to offer.
The 2.6-acre square contains just about every fashion brand there is, and The Grand Hyatt and Taj Campton Place hotels border Union Square on Stockton Street. The Westin St. Francis Hotel is the prize of Union Square, pulling in visitors from all over the world.
If you are looking for an office lease in the area, office space in Union Square, San Francisco, is an excellent investment. Union Square is dense, but there are several prime listings that are waiting for your business to join one of San Francisco’s most successful business districts.
Union Square Office Space—Lease Data & Trends
Events like a global pandemic take a toll on the economy and available office space. The 2021 trends showed a continued decrease in the asking price per square foot of office. Union Square, San Francisco, is no exception, with over three million square feet of available spaces.
The Union Square area had 21.8% of the total office space vacant at the last count, which is an amazing opportunity for anyone wanting to secure a spot in this business hub. Prime locations in Union Square are 12 to 15% lower on average than San Francisco as a whole. Many real estate predictions see these rates dropping even further in 2021, with vacancies remaining steady.
What Our Brokers Say About Union Square Office Space
Union Square, San Francisco, offers low rental prices in a stunning location. Now is a great time to get your foot in the door and claim one of these spaces. San Francisco continues to attract an extensive talent pool in big-tech companies and start-up firms, and workers are rapidly re-entering the market as normality returns after the pandemic.
Take advantage of these record lows as office jobs are trending upwards again. There is more available space and favorable rental levels, which means that companies will soon be moving to house their office workers in even more attractive spaces.
Top Commercial Buildings in Union Square
1 Montgomery St: In the Wells Fargo building, various available units range from 4,000 to 20,000 square feet. 1 Montgomery Street is a 38-floor building that was constructed in 1984, and it is full of character. The tenants enjoy a full-service lease and negotiable lease terms.
130 Sutter St: Several units here range from 6,000 to 12,000 square feet, and 130 Sutter Street is a trendy and beautiful building. One side of it is entirely glass, offering unrivaled views of Union Square and letting in natural light. Many units are turn-key, with negotiable lease terms and rates.
77 Geary Blvd: If you want an ample 12,020 square feet of office space, Union Square, San Francisco, offers amazing value at 77 Geary Boulevard. It offers a five-year full-service lease with an open floor plan, high ceilings, and twelve breakout rooms. The historic building went up in 1908 but has myriad modern updates, including Energy Star compliance.
Get to Know Union Square
Union Square is the heart of San Francisco, guarded by the Goddess of Victory that stands atop the Dewey Monument. While Union Square’s title represented supporting the Union in the American Civil War, its modern-day monument stands to commemorate Admiral George Dewey’s victory in the Spanish-American War.
The place is an epicenter of art, fashion, tourism, and outdoor recreation in the city, and there is no better place to rent office space. Union Square, San Francisco, is also a spot where three different lines meet for San Francisco’s famous cable. It greets passengers with the unmistakable signal bells as it comes to a stop in front of the famous Westin St. Francis Hotel on Powell Street. Westin St. Francis Hotel has adorned Union Square since 1904, even surviving the devastating 1906 earthquake when over 80% of San Francisco’s buildings fell.
Other transportation options from Powell St include the Muni Metro and BART subway systems. Union Square is also home to the world’s first-ever underground parking garage, which broke ground in 1941.
Why Rent Office Space in Union Square?
San Francisco is an exciting place to set up a business, and Union Square is a bustling hub that draws crowds to its theaters, public art exhibitions, and lush green areas. It also offers employees a wide range of ways to spend their lunch breaks, with easy access to several transportation forms. There is no better location to entertain potential investors and other visitors to your office space in Union Square, San Francisco.
Nearby Neighborhoods to Set Up Office Space
Union Square, San Francisco, offers the perfect location to rent office space, but the surrounding areas are also worth exploring. Consider the following alternatives nearby:
In the Bay Area, Fremont is only 28 miles from San Francisco. It offers great office locations, such as the Fremont Commerce Center that has leases available for a steal. Fremont offers beautiful spaces and the luxury of being near a major city while remaining in a quieter and much more affordable space.
The modern environment of San Jose is about 43 miles from San Francisco. It offers office space at a fraction of the price compared to the bigger city, including at the San Jose International Airport.
As a beautiful city nestled in the farmland of the San Joaquin Valley, Stockton is surrounded by the California Delta’s thousands of miles of waterways. It is rich in history and only 62 miles from San Francisco. Stockton also offers spacious and affordable office spaces that are attractive to many different businesses.
As the capital of California, Sacramento offers office properties of varying types across a wide range of prices. If you are looking to enter this prime location, it’s a great time to secure the office you want at prices you never thought would be possible. Ask SquareFoot about the details—you may walk away with a phenomenal deal for premium space in Sacramento.