On average, listings lease in the $70's per square foot per year. The City Center region is seeing a an increase in rates. In the last 3 months, the median rate went up $78 per sqft per year.
Compared to the rest of the East Bay market, the City Center submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 25 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 4% of the available leases in the City Center are subleases, so you will probably have to consider a longer term lease. 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 10,530 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 12 stories. Most buildings in this region were built in 1988 and are Class A.
Professional services is the dominant industry in this area. 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.