The typical asking rate per listing is in the $60's per square foot per year. The Bayfront and Peninsula submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $67 per sqft per year.
Compared to the rest of the East Bay market, the Bayfront and Peninsula submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 33 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 48% of the office spaces in the Bayfront and Peninsula 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.
Even though the median size is 2,610 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 8 floors. Most buildings in this region were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Bayfront and Peninsula occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.