On average, listings lease in the $50's per square foot per year. The Produce and Waterfront region is seeing a an increase in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 13% rise in rent.
Compared to the rest of the East Bay market, the Produce and Waterfront region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 16 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 19% of the office spaces in the Produce and Waterfront 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,480 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this region were built in 1957 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Most of the folk of Produce and Waterfront work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.