Most listings are in the $40's per square foot per year. The Downtown Berkeley region is seeing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the East Bay market, the Downtown Berkeley region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 197 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the listings in the Downtown Berkeley are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,880 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 3 floors. Most buildings in this area were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Berkeley folk. 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 Downtown Berkeley.
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