The typical asking rate per listing is in the $60's per square foot per year. The Watergate submarket is going through a a boost in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the East Bay market, the Watergate submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 6 listings have been listed, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,610 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 16 stories. Most buildings in this area were built in 1985 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Watergate folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.