The typical asking rate per listing is in the $180's per square foot per year. The Downtown Berkeley region is experiencing a a boost in rates. In the last 3 months, the median rate increased $118 per sqft per year. That's a 186% rise in rent.
Compared to the rest of the East Bay market, the Downtown Berkeley region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 7 listings have been listed, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 43% of the available leases 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.
Even though the median size is 4,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this area were built in 1983 and are Class B.
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 market. Commute by walking is the most popular way to get to work amongst Downtown Berkeley residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.