On average, listings lease in the $20's per square foot per year. The Central East Oakland region is going through a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the East Bay market, the Central East Oakland region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 27 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,100 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this market were built in 1970 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Most of the residents of Central East Oakland work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.