Park Avenue Office Space

Park Avenue

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
14,710
As of: February 24, 2017

Park Avenue Rates

The typical asking rate per listing is in the $30's per square foot per year. The Park Avenue region is going through a a rise in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 27% increase in rent.

Compared to the rest of the East Bay market, the Park Avenue region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Park Avenue Listing Supply

In the last 90 days, 2 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 14,710 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region were built in 1925.

Park Avenue 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 area. Commute by public transit is the most popular way to get to work amongst Park Avenue residents. Commuting between 30 and 45 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 Park Avenue.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Park Avenue.
Research