On average, listings lease in the $10's per square foot per year. The Harbor Bay Business Park submarket is going through a decrease in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 38% decline in rent.
Compared to the rest of the East Bay market, the Harbor Bay Business Park submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 15 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 new listings below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 1998 and are Class B.
This market is fairly equally mixed residential and commercial. Public administration is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Harbor Bay Business Park folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.