On average, listings lease in the $20's per square foot per year. The Park Avenue submarket is going through a a rise in rates. In the last 3 months, the median rate rose $24 per sqft per year.
Compared to the rest of the East Bay market, the Park Avenue region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 6,550 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area 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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.