The typical asking rate per listing is in the $70's per square foot per year. The City Center submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the East Bay market, the City Center region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 15 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 27% of the available space 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 spaces below 2,000 sqft. Most properties in this region are close to 12 stories. Most buildings in this region 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 folk. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.