On average, listings lease in the $40's per square foot per year. The North Berkeley submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the East Bay market, the North Berkeley region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1 listings have come on the market, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 490 sqft. Most buildings in this market are around 3 floors. Most buildings in this market were built in 1962.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst North Berkeley residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.