The typical asking rate per listing is in the $40's per square foot per year. The Downtown Berkeley submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 19% decline in rent.
Compared to the rest of the East Bay market, the Downtown Berkeley submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 7 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 143% of the office spaces in the Downtown Berkeley are subleases, so you might be able to sign a shorter term by taking over a previous 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 1,600 sqft. Most properties in this market are close to 3 stories. Most buildings in this area were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Berkeley residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.