Most listings are in the $180's per square foot per year. The Downtown Berkeley region is experiencing a an increase in rates. In the last 3 months, the median rate went up $135 per sqft per year. That's a 288% increase in rent.
Compared to the rest of the East Bay market, the Downtown Berkeley submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 7 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 29% of the available leases in the Downtown Berkeley 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.
The standard measurement for office space in this area is around 1,900 sqft. Most properties in this market are close to 3 floors. Most buildings in this region were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Berkeley residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.