Most listings are in the $50's per square foot per year. The City Center region is seeing a decline in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 22% decline in rent.
Compared to the rest of the East Bay market, the City Center submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have come on the market, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the listings in the City Center 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,090 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 12 stories. Most buildings in this market were built in 1988 and are Class A.
Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst City Center occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.