Most listings are in the $50's per square foot per year. The Watergate submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 19% decline in rent.
Compared to the rest of the East Bay market, the Watergate region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 6 listings have been made available, which means office spaces might be 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 1,750 sqft. Most buildings in this region are around 16 floors. Most buildings in this market were built in 1985 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Watergate occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.