On average, listings lease in the $30's per square foot per year. The North Oakland submarket is going through a decrease in rates. In the last 3 months, the median rate fell $21 per sqft per year. That's a 35% decrease in rent.
In the last 90 days, 85 listings have been made available, so you'll want to check back regularly for new listings. About 12% of the available space in the North Oakland are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,200 sqft. Most properties in this market are approximately 3 stories. Most buildings in this market were built in 1968 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst North Oakland residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in North Oakland.
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