The typical asking rate per listing is in the $60's per square foot per year. The Watergate submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $67 per sqft per year.
Compared to the rest of the East Bay market, the Watergate region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 29 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 55% of the office spaces in the Watergate are subleases, so you might be able to find a shorter term or below market rent. 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 spaces below 2,000 sqft. Most properties in this market are around 16 stories. Most buildings in this market were built in 1984 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Watergate residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.