City Center Commercial Real Estate

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CBRE
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555 12th St - 2 Spaces Downtown Oakland, Oakland, CA 12 foot ceiling height
Sep 08
9,090 - 9,620
sqft
Office

City Center

Market Report

Number of Listings
Posted in the last 90 days
4
Median Rate ($/sqft/yr)
$79
Median Size (sqft)
9,620

City Center Rates

On average, listings lease in the $70's per square foot per year. The City Center region is experiencing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% increase in rent.

Compared to the rest of the East Bay market, the City Center submarket has higher rates, and you'll need to make a great offer to be in this hot region.

City Center Listing Supply

In the last 90 days, 179 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the office spaces in the City Center are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 9,620 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 12 floors. Most buildings in this area were built in 1988 and are Class A.

City Center Community

Professional services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst City Center occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in City Center.
Research