The typical asking rate per listing is in the $30's per square foot per year. The Ocean View submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the East Bay market, the Ocean View submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 7 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 8,010 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region were built in 1961 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 public transit is the most popular way to get to work amongst Ocean View occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.