The typical asking rate per listing is in the $180's per square foot per year. The Downtown Berkeley submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $118 per sqft per year. That's a 186% increase in rent.
Compared to the rest of the East Bay market, the Downtown Berkeley region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 7 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 43% of the listings in the Downtown Berkeley 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this market were built in 1983 and are Class B.
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 region. Commute by walking is the most popular way to get to work amongst Downtown Berkeley folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.