On average, listings lease in the $60'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 increased $2 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the East Bay market, the City Center region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the listings in the City Center are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,070 sqft. Most properties in this area are around 12 floors. Most buildings in this region were built in 1988 and are Class A.
Professional services is the dominant industry in this market. 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.