The typical asking rate per listing is in the $180's per square foot per year. The Downtown Berkeley region is seeing a a boost in rates. In the last 3 months, the median rate increased $134 per sqft per year. That's a 282% rise in rent.
Compared to the rest of the East Bay market, the Downtown Berkeley submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 8 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 13% 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 140 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this region 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 area. Commute by walking is the most popular way to get to work amongst Downtown Berkeley folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.