The typical asking rate per listing is in the $40's per square foot per year. The Produce and Waterfront submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the East Bay market, the Produce and Waterfront submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 10 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 20% of the available space 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 available, so finding a space for a small business might be tough.
Even though the median size is 8,860 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 3 stories. Most buildings in this market 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 market. Most of the residents 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.