The typical asking rate per listing is in the $10's per square foot per year. The Bay Farm Island region is seeing a decline in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 39% decline 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 undervalued submarket.
In the last 90 days, 14 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,300 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1998 and are Class B.
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 region. 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.