On average, listings lease in the $70's per square foot per year. The City Center submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the East Bay market, the City Center submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 16 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 31% of the available space in the City Center are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 10,530 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 12 stories. Most buildings in this region 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 around an hour and a half a day is the norm for those who opt to reside in this part of town.