The typical asking rate per listing is in the $30's per square foot per year. The West Berkeley region is going through a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the East Bay market, the West Berkeley submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 112 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the listings in the West Berkeley are subleases, so you will probably have to consider a longer term lease. 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 1,950 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 1966 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst West Berkeley residents. Commuting around 10 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 West Berkeley.
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