On average, listings lease in the $40's per square foot per year. The Ocean View region is experiencing a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the East Bay market, the Ocean View region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 2 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 300% of the office spaces in the Ocean View 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 available, 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 buildings in this region are close to 2 floors. Most buildings in this market were built in 1961 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 public transit is the most popular way to get to work amongst Ocean View residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.