Bay Farm Island Office Space

Bay Farm Island

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Bay Farm Island Rates

The typical asking rate per listing is in the $20's per square foot per year. The Bay Farm Island submarket is going through a an increase in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 28% rise in rent.

Compared to the rest of the East Bay market, the Bay Farm Island region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Bay Farm Island Listing Supply

In the last 90 days, 19 listings have been listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the listings in the Bay Farm Island are subleases, so you will probably have to consider a longer term lease. 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 3,670 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this region were built in 1998 and are Class B.

Bay Farm Island Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Bay Farm Island residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.