The typical asking rate per listing is in the $30's per square foot per year. The Bay Farm Island submarket is going through a a boost in rates. In the last 3 months, the median rate went up $17 per sqft per year. That's a 96% increase 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, 15 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 47% of the office spaces in the Bay Farm Island are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 4,030 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 2 stories. 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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.