The typical asking rate per listing is in the $60's per square foot per year. The Bayfront and Peninsula submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 11% increase in rent.
Compared to the rest of the East Bay market, the Bayfront and Peninsula submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 18 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the office spaces in the Bayfront and Peninsula are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,840 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 5 floors. Most buildings in this market were built in 1975 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Bayfront and Peninsula occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.