Most listings are in the $60's per square foot per year. The Koreatown-Northgate region is experiencing a a boost in rates. In the last 3 months, the median rate went up $65 per sqft per year.
Compared to the rest of the East Bay market, the Koreatown-Northgate submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 60% of the office spaces in the Koreatown-Northgate 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,900 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 1 stories. Most buildings in this region were built in 1957 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Koreatown-Northgate residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.