On average, listings lease in the $30's per square foot per year. The Park Avenue region is going through a a rise in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 27% rise in rent.
Compared to the rest of the East Bay market, the Park Avenue region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 2 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 14,710 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region were built in 1925.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Park Avenue residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.