City Center Retail

City Center

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$71
Median Size (sqft)
9,250
As of: December 5, 2016

City Center Rates

The typical asking rate per listing is in the $70's per square foot per year. The City Center submarket is going through a a rise in rates. In the last 3 months, the median rate rose $16 per sqft per year. That's a 29% increase in rent.

Compared to the rest of the East Bay market, the City Center region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

City Center Listing Supply

In the last 90 days, 17 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 35% of the office spaces in the City Center are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 9,250 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 12 stories. Most buildings in this market were built in 1988 and are Class A.

City Center Community

Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst City Center occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in City Center.
Market Report

Market Data

Real time and historical data on commercial real estate listings in City Center.
Research