City Center Office Space

City Center

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$71
Median Size (sqft)
9,250
As of: December 3, 2016

City Center Rates

On average, listings lease in the $70's per square foot per year. The City Center submarket is going through a a boost in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 2% rise in rent.

Compared to the rest of the East Bay market, the City Center submarket has higher rates, and you'll need to make a great offer to be in this hot region.

City Center Listing Supply

In the last 90 days, 17 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 35% of the available leases in the City Center 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 posted, so finding a space for a small business might be tough.

Even though the median size is 9,250 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 12 floors. Most buildings in this area were built in 1988 and are Class A.

City Center Community

Professional services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst City Center residents. Commuting around an hour and a half 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 City Center.
Market Report

Market Data

Real time and historical data on commercial real estate listings in City Center.
Research