On average, listings lease in the $40's per square foot per year. The Downtown Berkeley submarket is going through a a rise in rates. In the last 3 months, the median rate increased $45 per sqft per year.
Compared to the rest of the East Bay market, the Downtown Berkeley region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 7 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 157% of the listings in the Downtown Berkeley 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.
The standard measurement for office space in this area is around 790 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this market 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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.