On average, listings lease in the $20's per square foot per year. The Central East Oakland submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 20% increase in rent.
Compared to the rest of the East Bay market, the Central East Oakland submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 22 listings have been posted online, which means spaces 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,040 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1970 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Most of the residents of Central East Oakland work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.