On average, listings lease in the $60's per square foot per year. The South Berkeley region is seeing a an increase in rates. In the last 3 months, the median rate increased $32 per sqft per year. That's a 100% increase in rent.
Compared to the rest of the East Bay market, the South Berkeley region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 12,900 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this area were built in 1971 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Most of the folk of South Berkeley work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.