Most listings are in the $70's per square foot per year. The City Center submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $16 per sqft per year. That's a 29% increase in rent.
Compared to the rest of the East Bay market, the City Center submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 15 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 40% of the office spaces in the City Center are subleases, so you might be able to find a shorter term or below market rent. 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 10,530 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 12 stories. Most buildings in this region were built in 1988 and are Class A.
Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst City Center occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.