Downtown Berkeley Sublease

Downtown Berkeley

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 21, 2016

Downtown Berkeley Rates

The typical asking rate per listing is in the $40's per square foot per year. The Downtown Berkeley region is going through a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% rise in rent.

Compared to the rest of the East Bay market, the Downtown Berkeley submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Downtown Berkeley Listing Supply

In the last 90 days, 19 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the office spaces in the Downtown Berkeley are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 6,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this market were built in 1983 and are Class B.

Downtown Berkeley Community

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 walking is the most popular way to get to work amongst Downtown Berkeley occupants. Commuting between 30 and 45 minutes 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 Downtown Berkeley.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Berkeley.