The typical asking rate per listing is in the $50's per square foot per year. The North Berkeley region is going through a a rise in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the East Bay market, the North Berkeley region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 23 listings have been posted online, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 9% of the available space in the North Berkeley are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,850 sqft. Most buildings in this market are around 3 floors. Most buildings in this region were built in 1962.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst North Berkeley folk. Commuting approximately 20 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 Berkeley.
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