The typical asking rate per listing is in the $50's per square foot per year. The Produce and Waterfront region is going through a an increase in rates. In the last 3 months, the median rate increased $12 per sqft per year. That's a 25% increase in rent.
Compared to the rest of the East Bay market, the Produce and Waterfront submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 108 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the available leases in the Produce and Waterfront are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,730 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this region were built in 1957 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Most of the residents of Produce and Waterfront work from home. 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 Produce and Waterfront.
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