Garfield Retail

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Garfield

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$35
Median Size (sqft)
2,000
As of: June 25, 2017

Garfield Rates

The typical asking rate per listing is in the $30's per square foot per year. The Garfield submarket is going through a an increase in rates. In the last 3 months, the median rate rose $35 per sqft per year.

Compared to the rest of the East Bay market, the Garfield submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Garfield Listing Supply

In the last 90 days, 3 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 67% of the available leases in the Garfield 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.

The standard measurement for office space in this area is around 2,000 sqft.

Garfield Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Most of the residents of Garfield work from home. Commuting approximately an hour 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 Garfield.
Market Report

Market Data

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

Albany Submarkets