On average, listings lease in the $60's per square foot per year. The Watergate region is experiencing a an increase in rates. In the last 3 months, the median rate rose $67 per sqft per year.
Compared to the rest of the East Bay market, the Watergate region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 29 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 34% of the office spaces in the Watergate are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most properties in this market are approximately 16 stories. Most buildings in this area were built in 1984 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Watergate residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.