North Berkeley Office Space

North Berkeley

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$51
Median Size (sqft)
780
As of: August 19, 2017

North Berkeley Rates

The typical asking rate per listing is in the $50's per square foot per year. The North Berkeley region is experiencing a a boost in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 12% increase in rent.

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

North Berkeley Listing Supply

In the last 90 days, 0 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the listings in the North Berkeley are subleases, so you might be able to snag a great spot on a short term. 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 1,850 sqft. Most buildings in this market are around 3 stories. Most buildings in this area were built in 1962.

North Berkeley Community

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 folk. Commuting approximately 20 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 North Berkeley.
Market Report

Market Data

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