On average, listings lease in the $40's per square foot per year. The North Berkeley region is experiencing a decline in rates. In the last 3 months, the median rate fell $17 per sqft per year. That's a 26% decline in rent.
Compared to the rest of the East Bay market, the North Berkeley region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. 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 4,100 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this market were built in 1962.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst North Berkeley folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.