On average, listings lease in the $70's per square foot per year. The City Center submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $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 make a great offer to be in this hot submarket.
In the last 90 days, 25 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 4% of the available leases in the City Center are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 10,530 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market 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 region. Commute by car is the most popular way to get to work amongst City Center occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.