On average, listings lease in the $30's per square foot per year. The West Berkeley submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $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 less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 112 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the available leases 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 posted, 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 area are around 2 floors. Most buildings in this area 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 region. Commute by walking is the most popular way to get to work amongst West Berkeley folk. Commuting approximately 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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