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The typical asking rate per commerial real estate listing leases is in the $40's per square foot per year. The Hercules region is going through a a rise in rates. In the last 3 months, the median rate for lease rose $43 per sqft per year.
Compared to the rest of the East Bay commercial real estate market, the Hercules submarket has more expensive rates for rent, and you may have to negotiate above asking rent to be in this hot submarket.
In the last 180 days, 25 commercial real estate listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 1,460 sqft. Most properties in this region are around 0 stories. Most buildings in this market were built approximately 2003.
Real time and historical data on commercial real estate listings in Hercules.
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