Downtown Berkeley Office Space

2081 Center St 2 Spaces
Berkeley, CA

Downtown Berkeley

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
1,600
As of: July 25, 2017

Downtown Berkeley Rates

On average, listings lease in the $40's per square foot per year. The Downtown Berkeley submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 19% decline in rent.

Compared to the rest of the East Bay market, the Downtown Berkeley submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.

Downtown Berkeley Listing Supply

In the last 90 days, 7 listings have been made available, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 114% of the office spaces in the Downtown Berkeley are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,600 sqft. Most properties in this region are close to 3 stories. Most buildings in this region were built in 1983 and are Class B.

Downtown Berkeley Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Berkeley occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Berkeley.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Berkeley.
Research