On average, listings lease in the $60's per square foot per year. The Downtown Oakland submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 3% rise in rent.
In the last 90 days, 108 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the listings in the Downtown Oakland are subleases, so you will probably have to consider a longer term 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 3,780 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 5 stories. Most buildings in this market were built in 1946 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by taxi is the most popular way to get to work amongst Downtown Oakland residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.