Ocean View Retail

Ocean View

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
2,290
As of: June 24, 2017

Ocean View Rates

The typical asking rate per listing is in the $40's per square foot per year. The Ocean View region is seeing a a rise in rates. In the last 3 months, the median rate rose $42 per sqft per year.

Compared to the rest of the East Bay market, the Ocean View submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Ocean View Listing Supply

In the last 90 days, 2 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 300% of the available space in the Ocean View 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.

The standard measurement for office space in this area is around 2,290 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1961 and are Class B.

Ocean View Community

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 public transit is the most popular way to get to work amongst Ocean View folk. Commuting between 30 and 45 minutes 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 Ocean View.
Market Report

Market Data

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