On average, listings lease in the $60's per square foot per year. The Downtown Berkeley region is experiencing a a rise in rates. In the last 3 months, the median rate increased $16 per sqft per year. That's a 33% rise in rent.
Compared to the rest of the East Bay market, the Downtown Berkeley submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 6 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 330 sqft. Most properties in this area are around 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 area. 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.