The typical asking rate per listing is in the $40's per square foot per year. The Produce and Waterfront region is going through a decrease in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the East Bay market, the Produce and Waterfront submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 10 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 30% of the available space in the Produce and Waterfront 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 6,700 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this market were built in 1957 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Most of the folk of Produce and Waterfront work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.