The typical asking rate per listing is in the $30's per square foot per year. The West Berkeley region is experiencing a decline 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 region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 112 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available leases in the West Berkeley are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, 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 market are approximately 2 floors. Most buildings in this market 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 folk. 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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