Berkeley Industrial

Berkeley

Office Space Market Report

Number of Listings (last 90 days)
33
Median Rate ($/sqft/yr)
$41
Median Size (sqft)
1,150
As of: December 8, 2016

Berkeley Office & Commercial Space

Home to University of California, Berkeley, and Lawrence Berkeley National Laboratory which the university owns and operates, the city of Berkeley is a center for technological innovation. Firms wishing to collaborate with innovators, including students, researchers, and innovative enterprises will seek office space for rent in this city of 115,403 residents (2012). Commercial space for rent can be found throughout the ten-square mile city of Berkeley, California. Companies will find rental spaces to lease that are universally close to some major form of transportation, including BART, two interstate highways, two major international airports; all of which make commuting and business collaboration easier. Berkeley could not be a more favorable location for businesses due to the innovative atmosphere of the city itself, excellent access to many other population centers, and proximity to Silicon Valley. The city is start-up friendly, with several business incubators and development centers based here.

Berkeley Economic Overview

Within the city of Berkeley, 9,700 businesses and institutions provide 70,000 jobs and generate $3.8 billion in gross business receipts. The largest employers are UC Berkeley, Berkeley Labs, followed by the Alta Bates Medical Center, city government, school districts, manufacturing firm Bayer Corporation, and Kaiser Permanente. Close to three principal shipping ports, and with a transcontinental rail line running through city limits, Berkeley provides convenience for firms requiring transport of goods. The local workforce is highly educated; 70% of Berkeley residents are college graduates.

Berkeley At a Glance

Known for political activism and community involvement, Berkeley has charming shopping areas, well-developed arts and entertainment programs, and more restaurants per capita than any other California city. A green-friendly city, it has become a magnet for green companies, exploding from ten green companies in 2000 to 170 in 2011. The city is bordered by the San Francisco Bay, and has a mild climate where temperatures do not drop below 40 degrees, nor get hotter than 70 degrees. The city boasts 52 local parks and three swim centers within its relatively small borders.

Where to Lease in Berkeley

Downtown Berkeley has a high concentration of commercial and retail space to lease, but commercial space can be found in every corner of the municipality. Downtown is close to the BART station for commuting convenience, as well as to the UC Berkeley campus. Another major commercial corridor is found in West Berkeley and Ocean View, with many retail and office options as well as live/work lofts. The "Gourmet Ghetto" can be found north of downtown along with many restaurants and other food-related businesses.

Learn More About Berkeley

Market Report

Trends and status of the commercial real estate market in Berkeley.
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Market Data

Real time and historical data on commercial real estate listings in Berkeley.
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