On average, listings lease in the $70's per square foot per year. The City Center region is experiencing a a rise in rates. In the last 3 months, the median rate increased $78 per sqft per year.
Compared to the rest of the East Bay market, the City Center submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 25 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 40% of the available leases in the City Center 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 posted, so finding a space for a small business might be tough.
Even though the median size is 10,530 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 12 stories. Most buildings in this area were built in 1988 and are Class A.
Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst City Center residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.