The typical asking rate per listing is in the $50's per square foot per year. The Watergate region is seeing a decline in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 19% decrease in rent.
Compared to the rest of the East Bay market, the Watergate region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 8 listings have been listed, which means new availabilities are probably leasing quickly. 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.
The standard measurement for office space in this area is around 2,210 sqft. Most properties in this region are approximately 16 floors. Most buildings in this market were built in 1985 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Watergate folk. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.